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Dollar Tree, Inc. Message Board

  • bentbasin bentbasin Sep 22, 2010 2:59 PM Flag

    Classic manipulation

    Had time today to watch this on L2. Talk about manipulation. I'd say 90% of the trades hit the bid or split the B\A. You have to love it.

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    • low vol trades again.
      FDO sinking the last few days, along with the higher number of PUTs on FDO puts some doubt in this. I bet a big tank on Wednesday.

      • 2 Replies to sevilkrej
      • Look at FDO call activity today.

      • I'd agree with the FDO put action, but not sure on the tanking just yet. September sales and next 1/4 forecast may be an upside surprise with the continued weakness in the economy and the continued maturity of the "new things" in their business model. Guess we'll see tomorrow. Just had a nice long scalp on DLTR Friday-yesterday that I closed eod. Now I'll wait and see tomorrow. I guess one of the things that stick in my mind versus these two getting ahead of themselves is that they've traded up to 30x earnings in the past and could that happen again? Don't know although I'd lean to probably not but if your going to be an investor in today's market this is where to be imo as I still say there are many yet that have not ventured into theses stores(in particular DLTR) that will become their customers in the next several years as the economy will continue its plodding. Technically FDO has 1997 written all over it on a monthly chart from many views\indicators and look what happened there. Technically I think FDO has a LT $70-75 target now and a solid breakout above 45(finally busting thru the 2003 high) will have people buying with the 50 target I mentioned months ago in its reach near term (tomorrow with the perfect mix of news?)(they've done 12-15% pops in the past on earnings releases). And the Trian Fund is another wildcard now in the mix. Not a pumper just a LT bear trader that these two fit the bill of both investing in and trading. :)

    • Yeah..that's why I covered my short and got long NG...I'm not sure funds are ready to take profits yet...

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