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Well, looks like in the last 6 months, the fundamental story for the company has not deteriorated at least, it has only improved a bit. So, those who base their invs. style on this criteria, why would they sell at this point? On the contrary, they will simply load up right now, and stay put to watch the action after earnings. Naturally, street houses will not say a single upgrade word, until their bellies are filled to the fullest first, and this low price may be giving them very good opportunities. And later, when the price is already up at 6, 7 level they will upgrade it to drive it to 10-13 level, at which point they and their best clients will start distributing slowly. The momentum may carry it further however to 15-16 level, and suddenly when the big boys' bags become empty again, they will come out and downgrade! And the price will come back to 6-7 level again. Thus, this cycle will be repeated here on an 18-month period basis, ensuring that in every cycle, the flow of money simply remains unidirectional: from the little guys' pockets to the big guys' swedish bank accounts. Thats the general magic here! :-( |
