The institutional buyers seem to be staying away in droves. As of 11:00AM there appears to be, at most, only one 10K share transaction.
Strange....
By the way, Todd, re: your ranting about analysts; you must love the guys on CNBC Squawk Box (if you watch) with their penguins on the days when all the analysts line up to make some obvious call a day late and a dollar (actually usually many dollars) short. They were especially good the day David and Joe made fun of the internet analyst guy who recently changed firms and got a contract like some sports superstar. David would call out the name of an internet stock and Joe, sort of imitating Carnac, would "guess" the recommendation, which, of course, was always buy. What was really funny was that the producers had booked the guy to appear a few days later and played back Joe and David's ridiculing with the guy sitting there. When they challenged him on the uniformity of his calls, all buy, he said that there were all different levels of buy, blah, blah, blah.
Cheers,
Bob |
