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Old Jan 13th, 2012, 03:22 AM   #1
galvinlee888
 
 
Join Date: Dec 2008
Posts: 716
Market is going up gradually since 1/10, every sell order is meet by a buy order, obviously someone is buying.

May be those IQ =80 fund Manager who make 5 million a year (from fee) is buying again, after they are under perform market last year ?
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Old Jan 13th, 2012, 03:30 AM   #2
hkrahra
 
 
Join Date: Dec 2011
Location: Moscow
Posts: 383
IQ,maybe...
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Old Jan 13th, 2012, 04:22 AM   #3
TILT2
 
 
Join Date: Oct 2011
Posts: 434
Fed has been buying it...
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Old Jan 13th, 2012, 07:59 AM   #4
Lucrum
 
 
Join Date: Dec 2003
Location: Canton, Georgia
Posts: 37,756
Quote:
Quote from galvinlee888:

Market is going up gradually since 1/10, every sell order is meet by a buy order, obviously someone is buying.

May be those IQ =80 fund Manager who make 5 million a year (from fee) is buying again, after they are under perform market last year ?
Sounds like someone is short and under water. That always sucks.
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Old Jan 13th, 2012, 08:02 AM   #5
noob_trad3r
 
 
Join Date: Nov 2008
Posts: 1,741
What is funny is the TV pundits always seem to tell people to sell when SPY was trading at 107-121

and now at 129s they are telling people to buy.
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Old Jan 13th, 2012, 08:23 AM   #6
newwurldmn
 
 
Join Date: Apr 2011
Posts: 3,245
The pundits aren't trying to make you money. They are trying to sound smart. If they are bearish when the market is going down it sounds as if they had been bearish the whole time. They sound smarter; they can increase their brand; and then they can sell whatever they are trying to sell.

Everyone in the market has a personal motive and often it's not to make profits through speculation or investment.
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