Carter Worth, a noted technical analyst, on CNBC's Fast Money show this evening recommended shares of Dupont, saying they're poised to breakout from a wedge pattern and likely to see $40 within 2 weeks! His own words, not mine.
If it goes up to $40, that's fairly valued in my book, and i'll be selling.
Afterhours right now, stock is at $37.50 on a modest volume uptick the past 15 minutes after Worth's comments on CNBC's Fast Money.
This is up because of a mention on CNBC. Retail investors chasing after an extended run because the television says so. It being up is the only reason the DOW is positive right now. The Larry Summers on CNBC's fast money effect........notice how the world's stock markets (not the asians their not that stupid) take their cue from one show, Fast Money on CNBC........rememeber how cheery CNBC was at Nasdaq 5000? If it were economically important it wouldn't appear on Fast Money. Just the name of the show suggest scam like selling trash cars with saw dust in the engine for a little "fast money" before the cops come for you.