Welcome to the Monday Night Lounge where I've kicked back, put the feet up, and pondered two 25% hits on GAL and FRN that took a bit of the cream off a little win on LEG.
Can't see much going on today, except last week's good lookers in MRQ, WBE, LIN, CEL and COO still looking pretty good. Not possible in the basement nowadays is it … two weeks in a row … nigh on impossible.
I read a good conspiracy theory about a month ago. The bots have been programmed when they see a "standard charting pattern" … to go and wreck it. Confusion and chaos follows, along with lots of stop losses being hit, and plenty of cheapies for the bots. You'd have to think, as part of this master plan, that the stock would eventually have to go up … otherwise what's the point of it all. Surely?
