Archive for October 22, 2009

Big Stock Moves Happen in Thirds

I find that capital appreciation for winning stocks comes in thirds.  Each third constitutes a different type of investor buying the stock.  The first third of a stock price move is usually made up of retail investors and real small funds.  The second third of a stock price move comes from small cap funds buying, [...]

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Dick Bove States “Wells Fargo Is Proving Itself To Be A Standout” Nine Hours Before He Downgrades To A Sell

Can someone please explain why Mr. Bove noted on CNBC that Wells Fargo is proving “itself to be a standout” in the banking industry (2:30 into the clip), that it “would help push the market higher,” and that is it the big winner in today’s earnings derby, a mere nine hours before he ends up [...]

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