Thursday, May 28, 2009

Profiting from Insanity

What goes up, might come down if you wait long enough.
And I actually traded this one, starting Wednesday when the tide appeared to be turning. (I'm out now).

I have my eye on the Gap which is a similar story, namely up on a earnings report which was less than stellar. However it's still defying gravity and I don't see signs of lack of support yet.
This is just a gut feeling from watching the real-time quotes stream across my desktop while I work, but I suspect some big money is accumulating this stock.

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