Well, guess it's time to put my new strategy into play, even if it does mean that I use new money instead of trading profits (from AKLM). Sold 7500 FNM and will begin buying AKLM at these levels. What the heck, it hasn't moved in the last 12 months either.
Looked at several things today.....
(1st) WSJ article on daytraders that specialize in single issues
(2nd) The completely lopsided trade volume vis-a-vis market cap between our dear ol' AKLM and a stodgy ol' stock like ERTS today. Same business but waaaaaayyyyy out of line with what should be happening. Shouldn't AOL's new partner be showing more interest with traders than AKLM?
(3) The id's of these new bozos on the board. Where the hell did they all come from? The circus doesn't usually come to town until Springtime.
(4) The share volume of the trades that happened during the day. No big orders, just a bunch of flunkies.
If this works like I suspect, I'm buying the wife a "timmie-blue" (named after a teddy bear) Cadillac convertible for Xmas. If not, where is that guy with the Yugo?
...the fact that there were not really any big blocks traded is just another indicator for my theory that the the trees were being shaken and the fearful, weak and impatient Joe Shmoe's have been eliminated... I just wonder whether we'll see yet another day of testing the waters or maybe see a small uptrend tomorrow...!?! Either way, I don't believe in a serious runup until April anymore... I guess we will have to wait until the convertible mess has been resolved...
I don't know about you, but whenever I have to go shopping for gifts I find myself experiencing all the classic symptoms of performance anxiety. Sweaty palms, nausea, lack-of-concentration, weak bladder. I just can't stand it. If it isn't the crowds, it's the noise. If it isn't the traffic, it's the lines. What cauese this lack of control?
This piece of shit stock continue's to drop! I can't afford to buy gifts.