Law of gravity eventually catches up with every asset class. Gold has been a cyclical asset historically and that will ultimately be proven true this time around, too. There are a lot of small and big players sitting on huge gains and when price recedes beyond a certain point and cannot be explained as just a correction, people will need to protect their gains. Look out below when that happens. Everything looks so much different than a bubble in the midst of a frenzy.
DD 12:03PM EST 48.20 0.02 0.04% 1,459,124
DOW 12:03PM EST 32.34 0.16 0.49% 2,206,856
HUN 12:03PM EST 13.69 0.02 0.15% 2,293,521
hmmm. well if HUN's traded more than Dow or DD on a Monday morning right after noon, looks like someone(s) cogently fillin' up his Christmas stocking (or Hanukkah hat) at an agreed upon price to this avatar. And I certainly don't begrude him 1 iota for shoppin' early and shoppin' smart. hahahaha
dang - our Volumes are so Voluminous lately! wowza!
It's had a big run from $8.50 May to $14 in Oct. There was a big build-up watching all the other chemical co's report strong earnings before Hun's report. Positive psychology. Now things may drag before the next report in 3 months. Speculators may get impatient, especially if news of a waning economy surface (real or fabricated - mis-reported) by the financial media. I don't think the economy is waning but in the short term, Hun's price is subject to the vagaries of behavior. KS
zzzzzzzzzzzzzzzzzzzzzzzzz.... huh huh?? HUN??? yeah, just boring here, nothing much to do here........ short it?? naaaaah...not in this goldilocks global growth scenario... shorting wont be very profitable in general here i think... too much positive political change, a fresh wind at the market's back...
I'm still long HUN and wouldn't consider shorting the stock. However, the stock has been acting very poorly in the aftermath of blowout earnings and analyst upgrades and raised price targets.
Matter of fact, I can't recall a stock that has acted so poorly in the face of outstanding results and increased optimism, especially in light of the immediate spike in the SP after earnings were announced. Maybe the stock just got ahead of itself? Care to comment?
Sure. HUN has established a recent pattern of selling off following good news (settlement and two earnings releases) and generating very nice moves on the short side. As I understand it, technical types like to "re-trade" established patterns until those patterns cease to hold. Given the existent macro and micro fundamentals, however, I'd be surprised to see that pattern hold this time around.