Damn pesky daytraders!
And you thought TZOO breaking $100 represented speculative excess
Just wait til you see what traders are up to today. The trade of the day appears to be finding stocks with a float of around 1 mln shares and buying them simply on the basis that they are easy to move. Once these stocks make it onto the percentage gainers list, a new round of momentum buyers jumps on. Examples of this type of activity today include MAHI +125%, FSTW +106%, TRFDF +81%, ANLT +63%, HAXS +20%.
(via Briefing.com)


