RE: Buys31 Oct 2018 22:32
Jeffrey, expect a broad and weeklong US market rally from mid November, once that the Reps are reconfirmed.
Also Brexit negotiation looking good, and China could settle for an agreement in December. If so, we can expect a rally later on this winter. Especially commodity shares.
@Hedged, I truly wish them directors well, as I finally understood how hard they've fought to explore what they have.
But this sudden reversal - based on a mistake - is too much of a coincidence, as it comes right during a downtrend.
(You are right, directors had nothing to do with it. I think it was JP Morgan and their club, who do these sort of things. They've been desperate to protect their stake and kill off shorters. This "accidental error" has come at the right time. How they do it? They ask other largcaps to release a little mistake... Just like that "fat finger" on WallStreet where the DOW dropped 1,000 pts one morning, knocked out stops 20-30% lower, and climbed back the start. NYSE quickly apologized to shareholders - many of them had to buy back their former shares 20-30% higher. Coincidence? No, the purge!)