Will hedge funds buy Goog hand over fist so it will break the $513 double top?

K

Kramer_Hedge_LA

If hedge funds do this, Goog will be a self-fulfilling prophecy and go up with tremendous volume. Anyone have any ideas if hedge funds will pump money into google purposely to help it break the $513 double top.
 
This is the funniest response I have ever seen. LOL!

On another note, looks like GOOG is trading above 513 - let's see if it sticks into the close.

Quote from rhymeswithorang:

why even ask that question, nobody can answer it with any semblence of accuracy. Its unknowable.
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Quote from rhymeswithorang:

why even ask that question, nobody can answer it with any semblence of accuracy. Its unknowable.
More...

I know nothing is 100% accurate in the stock market. Maybe I should have phrased the question differently. Do hedge funds sometimes watch certain widely watched technical indicators and purposely create self-fulfilling prophecies when targets are near to cash in on the indicator.

Thanks.
 
Quote from Kramer_Hedge_LA:

I know nothing is 100% accurate in the stock market. Maybe I should have phrased the question differently. Do hedge funds sometimes watch certain widely watched technical indicators and purposely create self-fulfilling prophecies when targets are near to cash in on the indicator.

Thanks.
More...


"They" know all things and "they" are watching. Be afraid :)
 
I think the answer you need to hear is that even if they do, they can only push it so much. Smart traders don't have their buy orders at $513.06...they wait to see strength in the move and then will move in.
 
Quote from SiSePuede!:

I think the answer you need to hear is that even if they do, they can only push it so much. Smart traders don't have their buy orders at $513.06...they wait to see strength in the move and then will move in.
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Thanks, that's the simple straightforward answer I wanted to hear.
 
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