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Arch Coal Inc. Message Board

  • lumpsumtrader lumpsumtrader May 13, 2011 2:42 PM Flag

    Hope MM's at work!

    I sure hope this is just the MM's at work trying to get a good entry price for some major client like GS.

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    • The wee retail fellows are always about fear and greed.

      On 3/31 (high daily price a penny or two under $37), the retail market started the fear cycle.

      My new mantra:

      "Buy <more> on fear, sell on greed!"

      • 1 Reply to Run_by_HR
      • The whole market including the big guys is driven by an underlying greed and fear psychology. It is the only explanation for how large established companies like ACI can gain and lose millions of dollars of market value in daily, weekly, monthly, etc. swings.

        I have bought and sold several thousand shares at a time a half dozen times this year every time for a point or more profit per share.

        My current holdings were purchased 5/6 at $30.71.

        I think this decline is MM manipulation designed to get some big guys like GS in at a lower price. Though I do think the market was due for a pullback, again though because on "The Street" they know they have to create attractive entry points to drawn in money and allow their clients to make a profit.

        Not sure why anybody even discusses upgrades and downgrades since they are B.S. If anything buy after downgrades and sell after upgrades, or best, totally ignore them.

        But greed and fear, that's the bottom line!