John-You have presented some points in your post but I also seriously considered the Friday news released, it is more than likely it is just a scheme in order to push down the prices so that all the insiders, big broker houses and those associated could step in and aggressively bought at this ever so cheap prices.
Just take good that $2.1 B US dollar unsecured credit facility. They had to have 4-5 weeks negotiating this deal, and one of the strategist I bet one is very familiar the North Ameica market behavior or events, and made recomendation that this news release to come out right at this TRIPLE WITCH HOURS, it has great deal of negative impacts so the pushing prices down would work 100% textbook style.
When the prices went down so cheap, my guess is who were buying on Friday, my thinking is for sure these big broker houses, as they knew when this NR was due to come, good anticipation so to speak.
Just take a good look, the volume chart, within the very first 30 minutes when the prices was so cheap, huge big buy in took places, I guess I know who are the buyers, you see.
I don't trust all this kind of NR, I bet you ; after few quarters, they will come out exactly different news, like re-hiring 10,000 or 5,000 workers. I guess we have to apply or use different anagle by looking what is really happening in the market places, especially the mechanism of this market system.
Moreover, I am very confusing why JDSU and NT all came out bad news at this TRIPLE WITCH HOURS, why this happened so coincidently??? It made me wonder a lots.
Futhermore, NT, JDSU or INTC or MSFT or IBM or Nasdaq in general or even Dow, they all are due to rebound as they all went down substaintially.
Besides, these are Bull Market for Dow and Nasdaq, recent 5 day's market behavior is just a correction not a major down trend at all.
Starting Monday, bull will surely return, and then we shall see that NT$8.75 (US} be really bottomed out. IMHO!!
John Paquet |
