look what the bowels of boredom have spawned....
Anyone who thinks the market is efficient is dead wrong. If it was efficient, Wellstone Filters would have dropped from $4.oo to $0.48, not $2.40. The company effectively increased the number of outstanding shares by 833%, but the price only fell by 166%.
Good thing. This way I can cut my losses. Too bad I can't short the stock. (It's not a marginable security.) That would be an absolute sure thing.
Just like more volatility in the market this summer.
Big Ben has left the doors wide open to do anything he wants by saying that his next decision will be "data dependent." Every bit of news will be overanalyzed and overreacted to.
posted by The Obfuscation Oracle @ 1:35 PM
3 comments
3 Comments:
good stuff. i followed your advice and got out with my pants around my ankles. kept my sneakers
true. if I have to run for my life, I want my sneakers, not my pants.
Hey oracle, last i looked the market was down a hundred and the hi yields were still at it. Bought back vlccf at 27 - held my nose and threw out the second guesses. selling it was stupid but buying it back gets me in the running for at least a $1k dividend in the fall. how about fro. see u later
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