Wednesday, July 1, 2009

An observation on holiday shortened weeks

I have often seen garbage stocks, high short interest stocks and low float momentum stocks really get run up in holiday shortened weeks (towards the end of the week). Maybe it's because that is where traders see the action...maybe it is because they can move these stocks as many market participants are away. Nevertheless, it is just an observation from watching the market for numerous years. This is more a suggestion to be careful shorting the momentum stocks the rest of the week than a buy call.

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