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.
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.
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.
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.