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.

3 comments:

IC said...

In previous years heavy buyback of stock was later shown to be insiders trying to get out.

nicasurfer said...

alot of freaking call buying

Tsachy Mishal said...

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.