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The Hartford Financial Services Group, Inc. Message Board

  • carolyn_novice carolyn_novice Jun 5, 2013 9:53 AM Flag

    WHY WALL STREET CANNOT SAY SELL! HIG @ 29.70

    A very good article for the amateurs that are fighting against the odds

    Google Search

    “ WHY WALL STREET CANNOT SAY SELL!”

    BEING STREET SMART by Sy Harding

    Sincerely,

    Carolyn Novice

    SortNewest  |  Oldest  |  Most Replied Expand all replies
    • well, novice, it is about to hit a new high, live and learn. this is going to 40s short term trades could leave you behind.

    • because all of the big boys are accumulating it at 60 cents or less on the dollar and they now that this is going to 50 so they don't mind a few pennies correction as they are planning on real money and occasionally sucker a few shares out of novices.

      • 1 Reply to rlbeard6734
      • Agree completely, just a matter of time.

        Retraces such as what HIG is presently in the middle, are a terrific function to accumulate shares for the big players. Stop losses are triggered from the more recent retail purchases and when their position is accumulated, they will let it run upwards for another longer stretch. Rinse and repeat. Sure small retail can try to time these blips but with the heavier tax burden from short term trading, a cash account prohibits much profit. Also difficult to time a reentry as gap ups further complicate the trade.

        It is very easy to take a short term, high taxed, trade gain and sacrifice a much larger, less taxed long term investment profit.

        Sentiment: Strong Buy

 
HIG
34.67+0.17(+0.49%)Apr 17 4:00 PMEDT

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