Despite all the negativity there are often stocks that do the opposite of the market.
For instance, all the market negativity got to me this morning and I scaled out of some [[SNHY]].
While I still hold, my last piece here I am amazed at this companies movement.
I have also noticed the same thing with EME and SY…something I have been accumulating.
If you have the time to watch every tick you will realize that the Dark Pools are accumulating the refiners here. With oil down huge refiners should be racing higher, yet they are not. Also I have seen 15k share buys go buy on the tape with hardly an uptick in TSO and VLO. HOC and FTO are doing better since they have smaller floats.
A small amount of shares drive the stocks down and true accumulation seems to move them incrementally higher. A sign to me that positions have not been fully aquired.
Of course there is no magical answer to finding ideas, but strange activity can alert you to good and bad plays.
I bought more EME today @ $26.82 and SY @ $30.61….I held off so far on GLD and SRS….still looking for my oil and gas plays for cheaper than we have offered today.
GLT
by GW
If you enjoy the content at iBankCoin, please follow us on Twitter
