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Shares can be sold short, the rule says, only if the previous price move was upwards.
Neither incremental news flow nor fundamental valuation supports the recent share price move.
We view the initial stock price move (down around 20%) as excessive and are buyers on weakness.
The return of speculative enthusiasm is usually a reliable sign that the next big price move will probably be down.
While the researchers' formula predicts how often a price move of a given magnitude will occur, it does not forecast when.
And the more volatile markets are, the better the chance that a trader will be on the right side of some big price move, and win himself a fat bonus.
Similar(20)
The stock price moved further upward.
The share price moves with market sentiment".
In fact, big price moves are more common than they used to be.
The trend toward greater volatility is more pronounced in larger price moves.
Mr. Curnutt measures the average correlation of daily price moves over a rolling three-month period.
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