Registered: Nov 2011
10-31-12 03:21 PM
I read a lot of literature/news on how stocks perform after a hurricane. I also saw from first hand experience that Home Depot was sold out of generators, pumps, flash lights, light bulbs and other things one may need after a hurricane as I'm sure Lowe's is also as well as Walmart. Why then is Walmart basically flat, HD is nearly at the 50% retracement from it's gap up point, Lowes has retraced even further than 50% from it's gap up high. What gives?
My theory is this, common knowledge says that LOW,HD,WMT will go up, so instead it goes down. Maybe the big boys are just playing the market the opposite way the public plans to, sort of like squeezing the shorts, but squeezing the longs in this case? Is that even done, I've never heard that term. Maybe I've been reading too much reminisces of a stock operator... what are your thoughts on this?