C'mon man,
It is interesting to watch the psychological warfare being waged on shareholders though isnt it.
The attempts by some to sell just the right small parcel to themselves or other working together to put the closing price down a pip.
Then when someone places a buy above and ruins the fun the sell is removed.
Pure manipulation aimed at damaging sentiment and scaring people into selling.
At the same time these games are played we saw a $200k buy last friday, 15k yesterday, half a mil this arvo.
My friend whom pointed out the $200k buy whom i asked to look over SPX for me would fall into the classification of "sophisticated investor".
His opinion after observing for a couple of weeks was that there are a lot of small trades going through but that then, quite often someone comes along and buys up a few mil at at time.
Typical of retail selling and money buying. It was enough for him to jump onboard for a nice parcel of heads and tails. Small flutter for him.
That gave me a bit more confidence in my strategy i have to admit.
Because of my balls of steel i will keep on buying.
I will keep adding till the end of june.
Then i will keep adding till the end of July regardless of if we get a DW ann or not, because as they say... follow the money... and in between all the wee retail sells, and the shares getting churned, there are still quite a few big buys regularly going through...
and that in my opinion..
...very bullish
...very delicious
...very spendorian!
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