You sure are fast!...on BEAS
Not really fast ...just climbed that cocconut tree
before....hehe
Last april Jeff playin BEAS when it was bottoming
out , almost the same exact scenario unfolded ...
After all the downgrades , rumors , and talk of
high valuations ....there was one black morning that some rumor
got circulated to try and create one last good shake out
and sell-off ...like the WEBM rumor today.
Then the rumor gets denied in the afternoon, the CEO
comes out and reaffirms there's nothing wrong with
the company's outlook , and they are "on track" etc
and a flood of orders from some trading desks
come shooting thru ... the stock squeezes
& rockets back up .
Back then , I think BEAS rocketed back up past $27
from a morning low of $22.50 , and went on up into
the $30's later. Not saying that will happen this
time out in this climate ...
But I was superconscious all day when shorting BEAS that this
same little game was unfolding again , and kept a sharp eye
one the news and Level II for this to happen ...and kept
taking profs & switching
to going long....
These pros , every season are conducting an "Opera"
on these stocks , running them down , covering
and trying to get
their "entries" ...
I was more ready today , having seen that Opera
before ....also helps to remember
the Libretto!
BEA CEO says not in talks to buy webMethods
biz.yahoo.com
VRTS on deck tomorrow ...
;-) |
