Post feedThe Mysterious CTSH Volume
I have received tons of questions about why CTSH had such huge volume on little price movement. The answer is quite simple. We know that CTSH is moving into the S&P 500. Think of all the S&P 500 mutual funds, ETF's, etc that need to update. All these funds need to add CTSH to their fund to create balance between the actual index and the fund. This is why so many shares were traded with not a ton of price movement. Hopefully this makes sense. I will be back in a flash...is anyone in NMX?!?! What a morning!
NMX ? NeuroMedix Inc ???
Is that what you meant? only traded 200 shares today, looking at google finance.
Posted by
Anonymous |
11/17/2006 12:32:00 PM
Tom,
Jeff means Nymex, they had an IPO today and opened very strong.
Jeff, how do you (if you) play IPO's.
This moved too fast and of course does not have options yet
Mahmood
Posted by
mahmood |
11/17/2006 12:35:00 PM
Heading into the final hour of trading, some great opportunities:
EBAY - ascending triangle breakout 2 days ago with succesful retest of new support. nice, tight entry with a $3.50 move (over 10%!).
ATHR - successful retest of ascending triangle breakout. $2.50 expected move (over 10%!)
NTAP - no secret here. successful retest after breakout. nice entry.
Good luck!
Posted by
Anonymous |
11/17/2006 01:09:00 PM
Re: CTSH - wouldn't that put buying pressure on the stock? Shouldn't that huge volume of funds buying the stock have an impact on the price?
Posted by
Anonymous |
11/17/2006 02:07:00 PM