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Terex Corporation Message Board

  • a_morgovsky a_morgovsky Mar 4, 2010 3:12 PM Flag

    low volume

    If everything were so peachy, the volume wouldn't be 2/3 of it usually is. Like always, this looks like the typical pump and dump. A bunch of 100 block trades is what's dominating the trading right now, and all that is are people manipulating the price so it doesn't go down sharply. All rests on what Unemployment Figures are reported tomorrow.

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    • If you want to know how it really works you should check out www.MarketDNA.com

      They are great.

    • Vick, to add, what happened while this was $17 and no one wanted to touch it for days?...Things turn around quickly, and just because it's flying now, it doesn't mean it's going to continue...Like I said, I'm still in the analyze phase of this stock currently...It has been to volatile for me to figure out what's really happening with it.

      • 1 Reply to a_morgovsky
      • morgovshy---you are not alone in your analysis.
        This is a very high beta stock.
        It is a difficult stock to buy and hold and I refuse to get caught in some unexplained downdraft.
        Because, to your point, this stock moves violently up or down on no news and low volume or high volume.
        The stock has jumped $1.30 off it's Thursday intraday low of $21.40--that's a 6% jump in 24 hours on no news---granted, the market moved higher on low volume.

        If you place a 5% stop on your share purchase, you can get stopped out very quickly. It has happened to me I hate to admit.

        Here's my strategy on this stock/company.

        I have bought the April $24 calls at $.60--which closed yesterday at $.85/contract.
        If you have options authorization and fully understand options, look at the April or May calls. Rather than buy 5,000 shares and commit $110K, I have committed $3,000 for 50 contracts. They expire on 4/17th, so there is a serious time element involved.
        The options activity (as I noted in a previous post) has been very high for the March and April calls.
        Following the herd can be dangerous, especially if this activity is solely due to buyout rumors.
        DeFeo would not sell this company without a huge premium over the current price and I doubt that will happen.
        He may sell other pieces to further improve the balance sheet, but my guess he wants to grow this stock back up to the $40-$50's/sh. range on his own.
        JMHO--good luck to all.

    • Remember, sell on the rumor is usually the best trade.

      I doubt that Terex would be offered a price that is acceptable to them. There are too many unknowns for a competitor to pay too much. Maybe in 6 months or a year.

      Today, was pure jump on the bandwagon and pray buyers. I gladly sold.

 
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