you_can_call_me_Al

Joy Global: Waiting for Hedge Funds to Finish Dumping

Your observations seem reasonable, but you fail to follow through to the logical conclusion. You are correct in pointing out that knowing when the hedge funds are finished their irrational dumping is impossible. Therefore, when the company approaches a price for which you would willing buy it (the company, not just a few shares), then it's time to enter a position. If the hedge funds continue to dump after that, why not thank your lucky stars and buy more? Have patience, and the courage of your convictions.