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Piper Jaffray Companies Message Board

  • depdoofie depdoofie Jul 16, 2008 1:57 PM Flag

    Suckers rally?

    All the underperforming stocks are up today...even better - this company just announced worse than expected earnings and predicts a weak outlook, yet is up?!

    I think this is fake; and i picked up some sept 22.5 puts at a discount.

    Any more experienced folks out there with input?

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    • Probably going to continue a bit earlier in the week, it will be a low performer in the financial sector and as soon as the sucker rally is over it will tank very fast to new lows. Commodity oil trading is also still unwinding that will help financials short term including PJC. Good luck.

    • PJC is the leader of the sucker rally correction, not being protected at all by SEC because everyone knows its a useless corrupt POS that needs to die fast and quietly oinky oinky get ready for the BSC wee

    • I was looking at buying UYG at 15.40-15.50, but did not. Why, because looking at PJC, the inflation numbers, and the fact oil is only going down because the US economy is looking worse than expected all pointed to a "hope" rally. Well, the market held on to WFC and rallied beyond "hope". Sucks for me because I missed out. If I were long, I would have sold today as the action on stocks like PJC is nonsensical. Oversold/overbought is BS. If people feel the stock will fall they will sell all the way down to zero. After all, what exactly backs stocks? I am interested to see what happens going into the weekend. Hey, I am neither making or losing money, but it is still painful to watch...

 
PJC
50.25-0.23(-0.46%)May 6 4:06 PMEDT