etrade was reoommended on fox business today. i hate that republican channel however like their recommendation. just as cnbc, fox is so much hype however i still look at their recommendations sometime.
News is noise. All biased. That goes for both CNBC and FOX..or CNN...or Bloomberg for that matter. Just a platform for financial pukes to "talk their book". Follow real time charts. THAT tells the true story. Real time streaming charts tell you where the money is flowing into and out of. Television shows DO NOT.
I have felt we were on a yo yo that the daytraders and some larger players have been jerking now for almost 3 months but you are right...a percentage...maybe its 5, 10 or more...but a percentage are accumulating...and this group is growing proportioantely to the day traders...we are going up imho
I notice we have been averaging about 50 million shares a day. That is over 10% of outstanding shares.. Ibm on busy days only trades 1 to 2 %.. Let's say 90% day traders and 10% accumulation. Over the last 25 trading days that would 125 million shares locked up to long holders. This doesn't include all the bigs that own stock in large bulk. I see very little stock available for sale. That is why just for supply and demand reasons this stock will soar back to great levels.