I respectfully disagree.
For example, short while ago J. Chambers got out of bed, said he felt "comfortable" and CSCO et al went way up. This was clearly a reaction to the comment. I just saw the market jump as I have many times before and thought I saw the catalyst. Actually it is like a catalyst, there are all these bulls frothing at the mouth, just itching to buy junk, waiting for the other one to start the stampede. I thought I saw what started it. Somebody buys $10MM dung. Everybody yells Yippee and starts buying. Then "they" sell into it, so it slows down, the bulls scratch their ass, and we slowly sink again. I totally agree with the auto feedback part, just looking for the exact cause, ie trigger, for all I know it could be Maria doing a dance on the floor, all I know is I see the move start and always wonder why now at this exact moment, today Maria came on and said that it was because of XON yea sure! that the Dow turned green. I think it was a block buy of dung index of the amount of $10MM. BWTFDIK I sometimes hear Pissoni say that a rumour went round about Ben Laden getting shot, I believed that but then I am gullible. I do know that during the market bubbleup just mentioning that a company might be contemplating bankruptcy could cause the stock price to triple, I saw it happen! Dont you remember, the Hair club would say "I'm thinking of a stock, it has four letters, is up 385% today, 2100% for the week, see if you can guess it, will let you know if you were right after the break" Then this commercial would come on and some dude is saying "No No Mr. P, just press the BUY button. It only costs eight bucks a try. See, I just made six hunderd bucks. Gee thanx Stu BTW get a haircut" Then back comes the hair club, and he says "Gee, I cant fool you EXPERT traders, you got it right its LuSER and its now up 670, no 800, no 750 well anyway its up a whole bunch. Congratulations, we'll try again in 15 minutes."
Anyway its different now, so I am sure "they" are using different techniques. Like pep talks, war rumours, block buys, bottom showings, etc. |
