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Collectors Universe Inc. Message Board

  • dbtunr dbtunr Feb 5, 2014 4:03 PM Flag

    obviously this surge is more than short covering

    stock would have moved sub-$18 if it was just short covering. This is actual buying by funds and retail investors. Hopefully insiders won't start selling en masse next week when their lock up expires.

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    • Perhaps - usually nothing goes straight up or down - though this did start to go parabolic - and the market is a bit like an elastic band - stretch it too much one way and it tends to have a reflex counter reaction.

      There's is a lot of momentum traders around at the moment - mostly in the bio stocks truth be told. Anyhow, I would expect either a 1 down- 1 up- 1down or 3/2 which would be more negative of course.

      Just my 2 cents fwiw ....

 
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