% | $
Quotes you view appear here for quick access.

Deutsche Bank AG Message Board

  • tchen389 tchen389 Jan 10, 2013 9:38 AM Flag

    A Bit Confused

    I'm down about 3% on the short side to this trade and I'm a bit confused as to why traders find reason to push this stock up.

    1) RSI is mid 70s.
    2) "Euro-crisis" never went away (just less news time due to "Fiscal Cliff" coverage)
    3) Today's 4% higher open is due to speculation that DB won't get sued in the Libor investigation (considering DB made the most money during the period under questioning $500 euros, I can hardly see why DB can justify it wasn't involved - either way, investigation just went underway so we will see)

    Anyone else have any justification for further upside I'm not seeing?


    Sentiment: Sell

    SortNewest  |  Oldest  |  Most Replied Expand all replies
    • Logic is no longer what is pushing this market higher and keeping overpriced stocks inflated.

      My belief is that the continual stream of propaganda, and stories telling Average Joe that a huge market rally is coming is now beginning to pull Joe's money in. Joe is risk averse, only invests in index mutual funds, which do absolutely no research and just buy whatever the index composition tells them. They spread their money across all the companies in the index, providing artificial support, and so long as money inflows continue, this is the type of thing we get.

      Longer-term, we all know that the fundamentals will prevail. When that happens, unfortunately isn't known. However, you can take comfort in the fact that when the downturn begins, there will be HFT programs all over it to take advantage and drive it down further/faster.

14.095-0.095(-0.67%)11:36 AMEDT