Stock rallied 34% from trough to peak in three days.Today S exceeded price target of three firms:UBS $2.75Nomura $2.50Berstein $2.50Closing action looked like some kind of climax.Likely pullback.
As you can see, today's action was predominantly sell/short sell from the get go.S is trading above the price target of at least four firms:UBS $2.75Nomura $2.50Bernstein $2.50Morgan Stanley $2Even S' most ardent bull, Credit Suisse slashed price target to half or less its orginal target, now $4.50.And today Moody's cut Sprint debts to deep junk.
How in the hell does it seem to be short selling when the stock opens up .20 higher than the close and hovers around that area and then slows down and gradually goes towards even for the day?That looked nothing like short selling to me. That looked like a battle between longs and shorts without a winner but go ahead and read into it.
What? No predictions of your own to offer for fear of being wrong?News for you, you haven't any credibility to begin with so what.Take a cheap shot and now run away.Typical yahoo on Yahoo!
"Do you always post to criticize others after the fact? " No, I only respond to the exceptionally idiotic posters/statements. _________My dear sir, the operative phrase was "after the fact."Please make some predictions of your own so we can be all over you like a cheap suit should you prove incorrect.
greekdonkey101, I wasn't replying to you, I was addressing of_course_your_right.Note that I now keep my replies to you short and brief to suit your mental capacity.If I bother at all.
Hedge funds are short selling and stupid buyers are buying at this high price.Enjoy the falling price tomorrow or next week.People here don't listen, so why do I have to bother?
Looked like they sheperded people to buy at the end, selling as much as they could.S&P just downgraded Spain sovereign debt.Took them long enough.This Friday it would have taken them a week to review Sprint's.For S, the bad news are just starting.Price target of S is $1.25 - $1.50, with a stop loss at $1.23.