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Sprint Corporation Message Board

  • daoldman01 daoldman01 Oct 8, 2012 2:37 PM Flag

    S in ibd

    from IBD - S % change in fund ownership, daily creeping up from 1% to 2% to 3% over last two weeks. As funds report holdings -required within 45 days after close of a quarter, the % changes. As different funds report at different times, it takes awhile for the real data to show up. interesting for s longs.

    Sentiment: Strong Buy

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    • Unfortunately, this is trailing data. S ended the quarter at $5.68 and has since fallen 5 out of the last seven trading days. 4 of those down days were on increased volume from the previous day. Accumulation/Distribution has dropped to B- in just a few trading days. The daily action in the stock will give you a much more timely view of what's happening and what the current trend is. Clearly, institutions have been selling but that trend may have slowed and a new base may be forming. The breakout failed. It almost looks like hedge funds produced the faux breakout. It wasn't a very strong breakout - just enough to appear convincing. Then they sold into the momentum. Te subsequent headlines took care of the rest of the drop.

 
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2.72+0.07(+2.64%)Feb 10 4:00 PMEST