Here is some sense behind. Not long ago, I posted comments on CMG, the reason behind it was that if you look up at Yahoo you can find:
% Held by Institutions4: 125.90%
Okay, if a stock got it's stock owned 100% by the big guys, they started hype it, what is the consequence?
In this case, mutual fund managers own up to 125% of the company's stock, so regardless what Cramer say, I wouldn't buy it. When condition is right, I will short it.
This is some of the examples how do I follow smart money.
Thanks,
Swimmer
Tuesday, August 28, 2007
Sell CMG
Posted by Mkt swimmer at 9:03 AM
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1 comment:
so explain a little if you can find some time
[1]Corporate/Market maker-SELLING INTO STRENGTH?
[2]Corporate/MM -BUYING INTO WEAKENESS?
WSJ has a public list of traded stocks listed by rank/money flow which give the numbers for the day-what a stock/institution did for the day-also what it means for tomorrow
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