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Huntington Bancshares Incorporated Message Board

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  • davesmith49 Apr 20, 2012 4:54 PM Flag

    Why isn't HBAN moving?!

    I don't know why it would be any harder to short or daytrade 1000 HBAN @ $7.00 than 100 shares @ $70. People started shorting Apple over $600. My brokerage won't let me short a stock below $5, and the margin requirements are higher on lower priced stocks. So it's actually easier for me to do the things you talk about with the higher priced stocks. Broader market conditions aren't right for financial stocks to move higher rapidly right now. HBAN is performing very well compared to its peers. Look at the charts of the higher priced shares JPM, GS, WFC the last few weeks, then compare to HBAN. HBAN is a solid buy on both the fundamentals, and more importantly in the short run, the technicals. Computerized trading is here to stay. The things you talk about come around to work for you just like they work against you. I'm glad I can control my own money. As a general rule I never short a stock with good fundamentals or buy one with bad fundamentals no matter what the technicals or "swing" as you call it says. Those who do the opposite are playing with fire and get burned soon enough. I know many daytraders are uneducated kids with no formal knowledge of investing. They act like idiots on message boards and move in packs which creates a perception that the markets are out of control, but really, the fools are going broke soon enough. Or that's my opinion anyway.

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