update: citi (c) has been on fire
I just dont know whether to hang on until the earnings report on the 19th. Im afraid to see it tank, but possibly more afraid of missing out if the report is good...
-Jay
Honestly, there is no way to fucking tell. Stocks are no longer driven by logic. It's all about insider knowledge. Ford has not had a single bad piece of news in the last year, yet magically once it hit $14.50, the stock dropped like a rock until today. Why? A bunch of hedgefund managers all decided to dump at the same time. The same thing will happen with Citi. The only way to win is to guess right, get out ahead of time, or look for the long haul.
Today illustrates my point perfectly. The whole market is down ~1.5%. I have GE. They had a good quarter report. Stock is down 4%. Ford, down 3%, nothing but good news. The stock market for short term investments is impossible to figure out. Period. Long term investments are the only way to make out in the end.
I'm not in total agreement with that.
Because if I watch the market regularly and any time a 4+ days of advance or a 100+ one day jump, there is a down day or two for profit taking.
You at cycles and trends for short time investing.
I've also noticed mid month on some future they always drop then post big gains later in the month.
Depending on when the Calls are being made.
I have to track Cu pricing for my foundry. ;D
Also think Quarter and Semi annually be buying and profit taking opportunities because that is when hedge funds and mutual funds managers reallocate assets. ;D :yes: