Of course you really know what you are talking about.
It's a battle to close above 72.62.Does seem to be a little more buying interest this last hour.
It traded down early this morning on good volume. It traded up on very low volume. That was a good sign if you were short. The were able to short more to a number of longs in this 72.55-72.80 level. Now they can take it down lower.
It often continues down all day. It does make one wonder if there is a serious accounting problem.
If they take it back to support at 63 that would be a 10 point drop. Will they? I do not know. it has been doing a bunch of consolidating here. They are either setting up to take it higher or lower. i will wait to see which way it goes before I get back in. Today the volume is on the down side. Tomorrow it could be on the upside. My couple of thousand shares does not move this. The big money decides where it goes. I'll try to follow them.
This is a trade now for the big money. They are taking it down. Sold earlier as they are sitting with volume. Could see a 10 point drop here. Reminds one of March. Had nothing to do with fundamentals it was all about trading to the down side. Maybe it just a trade for the day and they bring it back later but I will take my gains.
You could be correct. I will wait to hold when It does begin to move up. I was short from the big gap and closed it last week. On Friday when it traded a number of shares in the afternoon I decided to buy at 48.60 thinking it MAY go up Monday. When they kept selling I decided to take profits. Still watching it as they have a conference today. I do not know where the stock is going. I only try to follow what the folks that move the market do. Wipeout can obviously read the charts much better than myself. GL
That is exactly how it works. You put the money in a charitable trust and pay yourself. Jim has always traded that way. Tell people to sell and then he buys. He tells folks to buy and he shorts. He even helps in the gap up by buying a few shares premarket. He is really a great giving guy. I laugh that the recommendations are to buy AET. No one has a sell on this stock and yet after the big money has used the QE money to over extend this sector they sell. Now they have been short and are making a bundle as the FED provides a little less QE. It is wonderful to be consider too big to fail. LOL
They continue to refresh on the offer. Not much really happening other than someone has quite a few shares to sell in today's price range. I did buy some on Friday but when they continued to refresh on the offer at 49.0 this morning I sold. It is on my watch list and will see if there is any action tomorrow from the conference. No holdings in the stock now.
This has been a nice short. Still think it goes lower. Have covered 2/3 of my short shares but still have another 1000 short. Think this goes lower yet as Obama care is really hurting these insurers. I could not believe that wall street took this up to nearly 86 before they sold and went short. They are continuing to make lower highs and lower lows with this stock. They are are taking the sector down with AET appearing to be their favourite short.