The PETM sale of the UK business is great news
and yet the stock is not going up. I wonder if PETM
did some "selective disclosure" to their favorite
analysts like they did last quarter with the earnings
warning. I hope not. I realize that many had hoped this
would occur, but it was by no means a sure thing.
Volume has dropped too. It's very suspicious to me.
This news should have lifted PETM.
I knew I wouldn't express myself exactly right,
but YES, a whale does NOT eat the creatures on its
back, and that is why those creatues THRIVE. That is
the analogy I am trying to make, whale =
institutions, backdwellers = day traders.
Of course if
the whale beaches itself, those poor little guys are
in trouble, but if they react in time, and get the
heck off, they could probably still survive. It helps
a lot when the whale finds fertile feeding grounds
(eg. stock market in 80's and 90's), and moves merrily
along. But then, there's always them pesky whale
Your analogy is wrong. Whales don't eat the
creatures on their back, they eat plankton. A better
analogy would be buying a bunch of tropical fish, some
nice community fish, and a few big aggressive ones.
They both seem to do well for a while. Then, some of
the nice community fish disappear. These are the day
traders. As my daughter has asked "Where did the fish go?"
The answer is always the same, "They went to fish
With your math background, you certainly must
appreciate naturally occuring phenomena and their
relationship to math.
As I see it, you need look no
further than the mighty gray whale to find a good
mathematical analogy to day-trading. Lots of creatures feed
off the backs of whales. The whales lumber gracefully
through the water, and other creatures zip in and out,
making a living. Some even ride on the back, and the
whale could care less.
The majority of the stock
market capital supply comes from the big, lumbering
whales, who move in big, sweeping motions that are
evident to those who watch closely. A successful
daytrader can zip in and out several times, taking small
bites that wouldn't satisfy the appetite of a big
Of course they can get burnt, but just as they excel
at taking small percentage profits, they can also
limit their losses effectively too.
think it is fair to characterize the day-traders as
gamblers, seems to me they work awefully hard at figuring
out what games they're going to play. I wish I had
the time and temperament to join 'em!
you still think it will be in the 4.25 to 4.75
range ..or lower ? Will we see a slow climb back after
the 1st of the year ( barring any major news of
course!)? I think you said you would get back in... in the
range mentioned above? RR2K
Yes, PETM will trade in the 6-9 range with-in the
next 3-6 months. Just have to weather some
institutional and tax loss selling here in the next week which
will create a buying opportunity here. Take advantage
I think you are the only one having a painful
lesson here buy holding on to PETM from where you bought
at 8-9-10 or what ever. TA told me that the short
term trendline was broken and that we would go down.
Well, imagine that. What are we trading at now? 4 3/4
and will go lower. I saved myself 15-20% by selling
at 5 5/8. Again, open your mind to some TA or
continue on your reckless path of being the only one left
holding the bag.
For those of you that said that
there was institutional buying. Well, guess again.
Paine Webber seemed to have got the ball rolling by
selling today. Now it`s Goldman on the offer. My price
target to buy again was 4 1/4-3/4. Looks like in the
next week buying it under 4 1/2 will not be a problem.