Fidelity cannot get their required shares real cheap, on the account of small retail investors piling in to the scene at these levels , , At Least Dyment , and the new partner , know that retail is buying heavy in competition (at this level).-----He (Dyment) once again ,knows where virtually all the shares are , and the value assigned . . Once (Dyment/partner) are convinced the weaklings/disgruntled are fully out ,they will not hesitate to buy as required,and up goes the price ----Astute investors just getting in , and the likes of posters such as Ah Socks 77, buying inlarge at this level ,have done very well, and credit must be given for their impecable timing ,in all do reality.--------- SO: To recap. New partner in cheap, /all longs ,some larger positions holding , new investors piling in at the 50"s area, and all disgruntled whiners out . ---Congrats to Dyment for an absolute quality purge , and up we go .
The whole post made me think of the Buffalo Springfield song " For What's it Worth" which starts with "
There's something happening here
But what it is ain't exactly clear
I personally have no idea what is going on but there is an ongoing long term cloud over the transit side of the business because we haveno idea of how COVID affects the financial sustainability of transit authorities. Does ridership come back? And how long might it take ?
Stocks tend to follow inertial paths so, if they are going, going up , they continue to go up . And when they fall , they continue to fall until something ( like a news release) breaks that fall.
I would rather be stupid in believing that markets aren't manipulated..JMHO. Chorus
It's time we stopped
Hey, what's that sound?
Everybody look what's going down
[Verse 4]
Paranoia strikes deep
Into your life, it will creep
It starts when you're always afraid
Step out of line, the man come and take you away
Going to change that last line to "step out of line and the market take your money away"