Juiced
We are already seeing a change in attitude. The ISE opened with put buying as everyone and their mother saw the resistance at 1130. Now that we have broken out and the market is 1% more expensive they have turned around and are buying calls. A close above 1130 should get them even more juiced. At that point I will likely start fading the crowd.
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3 comments:
In previous years heavy buyback of stock was later shown to be insiders trying to get out.
alot of freaking call buying
The market tends to go up when there is a lot of buyback activity going on. If your time horizon is years than you might want to ignore it but if your time horizon is shorter than that than I believe it should be respected.
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