Not easy money, it never it, but it is a relatively safe bet.
98.35 in, 101.80 out.
The thing about the oversold is that the shorts always hang around too long, and then they have to cover.
MI like to think of it as the Thi Chi of trading, use their own hubris agaist them.
My other thing is to buy late and see early, even on a daily basis.
If it was true you would have seen similar selling in all similarly sales situated firms, you did not.
Selling leads to more selling, and there were some downgrade firms on the short side jerking it around with the market makers on fake bid and ask prices, fake as they are created with 100 share lots or so.
The market makers probaly caluded to take out a variety of stops, although insane, the current rules give them the ability to see where the stops are.
It helps to grease some politicos for that.
The scam works well, provided they move from stock to stock.
I still like the important, albeit, token arrests made today by the FBI, funny, they never took out Lloyd Blankfien and company.
The SEC did however take the 300 million dollar fine while GS never admited any wrongdoing a few months back.
And 385 million from Citibank, same deal.
Where the money will go is anyone guess.
I still can't believe that people other than the trading desks listen to all the wall street crooks.
It's kind of like having expecting a fair shake from police at internal affairs, or having Dow Chemicle police chemcal dumping.
I don't know what the in crowd knows................
GS can calude with MM's and hedge funds to jerk it around in the short term, a few days, longer term reality will bring it back.
In a 76.04 for 9,876 shares, I suppose that I could double down, but I won't, good to own some value.
In retrospect I should have bought USG, they got the mo on their side.
Thought it would be a quick snap back to 79, may take a bit longer though.
Your theory seems to throw a lot out the window, like earnings and market effiency over time, and seems more to apply to a smaller company with less shares outstanding.
No, mexicans pretty much suck, pretty much, a buddy of mine was severly assaulted as a tourist in Texas by a Mexican and the Mexican cops let the guy go, geuss what, the assailant is in prison six hours away on another charge.
How many people were assaulted because of the currupt mexican cops?
Be safe, avoid mexicans, and Texas cops.
As Sgt. Shultz said "I know nothing" although for me it pertains to currency.
I think AN looks interesting perhaps, that whole channeling thing, 40 to 32 and back...over and over.....PAG also popped up on the screen.
TAST as a speculative play.
I like barchart.com although it is all momo, just like IBD, ANF is lited as a strong sell at barchart, now is not the time to be all momo, now is the time to be value value, it seems.