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Herman Miller Inc. Message Board

  • holiday613 holiday613 Mar 19, 2009 4:37 PM Flag

    My Take

    You have to imagine that there will be downgrades tomorrow morning. There was a tight range today with buyers and sellers in a tug of war, but with the weak fundamentals together with last nights awful report and failure to give guidance I believe the future points down...Only time will tell...

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    • Well,

      I got hurt on the short position. From appearances it is one person with deep pockets who is creating a rally - It is trading like a NYSE stock with little retail trader participation on the buying side.

      This is one of those "Learn from experience" stocks. When you are dealing with a billion dollar company, this stuff happens. Some people will yell conspiracy, but this is how the game is played, and how it has been played since they traded chits of paper under the Oak tree on old Wall street.

 
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