Wednesday, August 5, 2009

Who sells on these "earnings misses?"


Use their selling for entries. ERTS is down a buck and change to 20.77, and RIG is at 77.30 down 3 on their miss.

Remember the bots that sold LVS down to 9.05 Friday on its "miss?" How did that trade do?

Now today no-one is ever going to buy a video game or drill for oil.

Boy that's a clever gamble!

This selling is exaggerated by the high frequency trading, that according to Goldman, doesn't make any money, but we see the effects of it in stock prices every day.

Take it from the 'bots!!


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