SYMC

It is clear that insiders have been discussing the company's prospects for many days.
Today's announcement was well-known and traded by insiders.
I guess that the SEC is too busy to really look into these petty crimes.



Pascal

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This is also a Figure that I posted of last week.

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Hi Pascal,

First, NQ was very high on the IBD 50 and had great growth fundamentals. Lots of momentum traders have been in this name, me included for a few profitable trades in Q3.

However, this last week NQ was an avoid for me b/c of the LEV patterns.

It may not be so clear with the mega selling in on Th distorting current charts, but with the scaling I was looking at on Mon through Wed last week, it was quite clear that NQ was being distributed by large holders.

An outside investigative firm (ie. an admitted short seller) Muddy Waters reported on NQ Th, Oct 24, and this precipitated the fall. MW has a reputation b/c it uncovered things at RINO, Sino Forest, and other china names.

All my best,

Shawn
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Indeed, I often avoid buying stocks that show negative EV divergence.

By the way, if you insert the Oct 23 date on the EV RT main option screen, you will avoid the big selling of Oct 24.
This is an interesting feature as you can analyse how the stock EV pattern was behaving prior to past earnings dates down to 2007, for any stock.


Pascal

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