RE:RE:RE:RE:Trading at 59cno one knows, hedge funds do get scared. Come October we will all know who was most accurate on their analysis and who was actually full of it.
Well said BaldSilverHead. Hedge Funds are not always right. I recall several that made some pretty bad calls and some have even blown up wiping out all their investors. In fact, there was an article I read a few years ago that actually did a survey of the actual returns of several hundred hedge funds and the results surprised me! When taken together as a whole the average hedge fund underperformed the S&P 500 index by over 5% over a period of 35 years. You would have made more money ( minus the fees ) if you had just put your money in the S&P 500 index and left it there than investing in the average hedge fund! LOL
I'm not saying all hedge funds underperform. The the ones that really give you spectacular returns are few and far between and even they get it wrong some years. My point is hedge fund managers are no gurus. They do not have some inside tract on what is going on. They invest and sell based on their own criteria and fund withdrawals. If alot of their retail investors get spoked and sell - they have to sell their holdings for fund redemptions regardless of what they think that stock will do.
My 2 cents.