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Shoe Carnival Inc. Message Board

  • wavesearcher99 wavesearcher99 Mar 23, 2012 11:21 AM Flag

    who keeps buying this doo doo

    22 percent in 2 days -gimme a break-guess its gonna rise 2 a thousand-34 is max- why would anyone buy now??

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    • I agree, looks like someone is pumping it. Get ready for a big drop when they short enough shares.

      • 1 Reply to siyamis
      • Usually thinly traded momo stocks run for 2 1/2 days before rolling over. It is extremely bizarre that they would announce a stock split the day after announcing earnings. The split is likely an attempt to make it more liquid. However, waiting until just before the close on Friday to announce the split is an obvious pump job. I bought a few shares on the earnings announcement and have been holding them for the momo run on what are so-so earnings and forecast. I normally would dump them after the Monday gun but the computers may gun this for days or weeks now simply because it IS illiquid. Bernanke has made the stock market a no-fear casino; traders 'feel' like their stocks will always go up every day, and if the stock goes down for one day it will go up twice as much the next day.

        Good luck with your bet. However, you are fighting extreme, near-panic euphoria with logic.

    • Trading computers don't care. They don't even know what SCVL does. This is the computerized version of the 1999 'Greater Fool'; Bernanke Superdebt Superbubble version. Just Buy-Buy-Buy!

26.47+0.86(+3.36%)Sep 2 3:59 PMEDT