Shorter-term momentum traders are taking their profits right now, and longer-term investors are sitting on cash waiting for a better buying opportunity. The problem is, to get a better buying opportunity, prices have to drop lower. -Paul Cherney

 

Shorter-term momentum traders are taking their profits right now, and longer-term investors are sitting on cash waiting for a better buying opportunity. The problem is, to get a better buying opportunity, prices have to drop lower.


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This quote is just one of 9 total Paul Cherney quotes in our collection. Paul Cherney is known for saying 'Shorter-term momentum traders are taking their profits right now, and longer-term investors are sitting on cash waiting for a better buying opportunity. The problem is, to get a better buying opportunity, prices have to drop lower.' as well as some of the following quotes.

Shorter-term momentum traders are taking their profits right now, and longer-term investors are sitting on cash waiting for a better buying opportunity. The problem is, to get a better buying opportunity, prices have to drop lower.

Paul Cherney

I have never been able to come up with any clear indicators. There is no mechanical means to identify them.

Paul Cherney

A lot of the mutual fund managers, especially those that are in the blue chips, are just biding their time, trying to pick a point to stuff the ledger with some of the better-name blue chips.

Paul Cherney

The higher short interest goes, the more eventual buyers there will be, ... It represents buying potential, because the shorts can't book profits without buying. These short-covering rallies take about one-and-a-half trading sessions, but they can't be seen as an overly bullish sign.

Paul Cherney

There is probably a little bit of reluctance to make big commitments going into the employment report.

Paul Cherney