Bear Claws Are Out: Some Charts Show Deep Gashes [View article]
Except for ACAS, most of the stocks charted above were darlings of the momentum hedge funds. So their price declines will probably not stop until the hedge fund liquidation stops (in mid November)???
ACAS' decline is more troublesome because the hedge funds don't own it. (although it is a favorite naked short for them) The ACAS groupies must be losing faith in the stock.
Bear Claws Are Out: Some Charts Show Deep Gashes [View article]
ACAS' decline is more troublesome because the hedge funds don't own it. (although it is a favorite naked short for them) The ACAS groupies must be losing faith in the stock.