Hey Girlfriend! I can't believe how SWN trades. This has got to be the best day trade stock I've ever seen. I don't like the tricks but they come often enough to make it easy to jump in front them.
Here's what just happened:
About 1 pm, Bitzinga releases 3 horrible web pages that beats up on SWN. On top of this, Market Realists joins the Street.Com to beat down the stock and run it into the ground. Together these 3 bastards join the market maker in a vicious assault. This negative stuff is the same old bullshit they used to run the stock down last Friday. They managed to sink SWN this afternoon from 5.88 to 5.51...
The scheme is simple, join with other crooked schemers to attack a particular stock after a weak earnings report. Blast away for 3-4 days with the same old negative bullshit. Eventually, you will scare the hell out of investors and cause the price to tank. Buy a lot of cheap shares, let the price run back up and then sell for a fat profit.
The more you learn about the rotten schemers, the more you realize that almost every part of stock trading is rigged. And it is all legal. I know this but it still continues to shock me.
They will buy their shorts back in the next 45 minutes so the price should run up before the close. I picked up and extra 8K at $5.52 -- I'll sell these shares at the close and should do okay.
I still hold AA at $6.11 but moved out of RIG. Still not sure the price rise will last.
It's gonna get cold tonight and stay on the cool side for 8-9 days so we should get a pop back to $1.80 for natgas. I think you right on a potential sale of SWN. They sure do have a lot of acres in Marcellus, which makes them a prime target for a take over bid at maybe $12... I see Exxon-Mobil involved.
