It is well-known that deflation is sinister, much worse than inflation. The data released overnight shows that consumer prices in Italy fell 0.2% year over year in August.
Smart Money has sold gold lightly on Italy news.
Stocks are set for an early short squeeze to the upside. Traditionally a Friday before a long weekend when there is potential for significant geopolitical events, stocks go down because traders do not want to risk holding them over a long weekend.
Ebola is a dreaded virus, and there is certainly an urgency to find a vaccine and a cure. However, investors need to be careful that they do not end up in tears from buying Ebola-related stocks without fully understanding the fundamentals.There is simply too much puffery in the mainstream media to lead unsuspecting investors astray.
The latest example is an article that appeared in the Daily Mail after the market close Wednesday hyping Tekmira Pharmaceuticals Corp TKMR, -4.25% with a tantalizing title “Merger mania in healthcare sector keeps dealers on toes during peak holiday weeks with Tekmira now high on takeover tonic.”The… Please click here or the title below to read more.
This post was just published on ZYX Short Change Alert.
Pump and dump is an age-old Wall Street phenomena. There is more pump on DGLY leading to a short squeeze. The objective has been to accumulate up to 30% of the full core position size. However the shares have been unavailable to short sell. Shares typically become available when the short squeeze is about over. The new top end of the short zone is $21.25. The new mental stop is over $22.50. The target remains $3 to $6.