RE:Cherry picking session !!!I think it is nuttall selling for names that pay a dividend... today's selling is not a traders game...12 million shares sold....
red2000 wrote: A lot of daytrader investors working hard today to grab 10 to twenty cent today on a market without too much logic !
They made 30 cent last friday with Baytex, sell it today buy another energy stock, like KEL or GTE for example, and try to made another 10 to 20 cent so far and expect those stocks to continue their trend !!!
All that for fifty cents maximum on 600 avg. shares === 300$ !!!
Big chance to be sqeeze, because most of them expect the trend to continued...
Most of the energy stocks today reach upper level this morning and now pullback !!!
ARX hit 16,36$ pullback for 0,50 !
ATH hit 2,17$ pullback for 0,14 !
Not my game !!!
It's normal to have a pullback of 2 to 3% after a run of 14% like Baytex done last friday !
Only my O !