Wednesday, September 13, 2006 2:59:13 PM
Yes, apparently "traders stay away from stocks with low betas." , but
"Looks like JF knew what he was doing when he raised the authorized to 25 billion. He took the traders and future strong momo right out of this stock."
ummm, a little, perhaps, as, from the chat on the board you would know that there are many traders, still here and still trading. Don't forget the mid point is only one, below one investors, above one to put it in simplegreen's words, "say 1.75 then one can expect considerably more swing in the avg daily prices.A high beta stock is to be preferred for scalping, daytrading and swing trading". (full text)
http://www.investorshub.com/boards/read_msg.asp?message_id=13279138
Yahoo Finance has our Beta at 6.2, so when wick speaks of "low beta" he must be saying it in the context that it is lower now than it has been so, as he has, also said it is not so likely too swing as it has before. But, 6.2 is a hell of a lot higher than the 1.75 at which simple suggested a stock would be still attractive to traders. Wick, (same guy) has been candid here, he accumulates, but, also is a trader, as are others.
Don't have much of a clue, yet, but, following the logic it seems that you are suggesting that jf is doing the right thing by diluting the price of the pps, so much, as that lowers the beta and gets rid of the traders; so, frankie's/itrade's, et al, numbers to help get beta below one?
I hope I'm wrong, please, somebody, say so.
Simple, says, MM, avg daily vol and stock owners attitudes
are in the beta pot.
itjf&cgfn, utsm,totally.
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