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bod4life

06/03/12 3:32 PM

#46822 RE: mwwarner1 #46805

well said mwwarner!
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dmlabuda

06/24/12 11:01 AM

#56043 RE: mwwarner1 #46805

When will you people learn? News does not drive the price of a stock. Only aggressive buying and selling moves the price. News is ONLY information. How that information is perceived by the majority of investors may have some influence on how aggressive they become but, in most cases, those smart money investors are not buying because of the news. They were already stock holders long before the news hit the street. They see the current run up in price as a reason to take profits not to buy more shares. Smart money does not buy at the top of the market. At the top of the market they become aggressive sellers because they know that the stock has become overvalued and is due for a price correction. When it's time to buy again, there won't be any news to tell you to buy and in many cases the worst news is released at the bottom of the market to get the naive investor to turn loose of their shares so that smart money can buy more shares with the profit they captured when the price was high. Only technical analysis will give you a true picture of this. You really should make an attempt to learn about it because it will definitely improve the balance of your trading account.