Posts filed under “Apprenticed Investor”
I am working on a column on Stock Tips, and in my research I came across this unbelievable chart. Its from Jason Goepfert of Sentimentrader.com.
Jason had done some prior studies on the Bulletin Board volume. He wrote back "It’s even more crazy than last month – share volume expanded by nearly 40% over the previous record, set in February. I’ve attached the chart."
That is some spike relative to the prior volume — it looks similar to January 2000.
Good thing there is not any speculation around . . .
In the past, I have warned against relying on the magazine cover indicator for specific companies. There are some very specific caveats on this here. The reason for this is that, in my experience, the Cover Indicator is useful for determining when large social phenomena are reaching an emotional crescendo. Oftentimes, emotions take over at…Read More