Smart Money... What is it? How can you tell?

[tech/a]

Nick.

I noticed a good example in "The Chartist" last night.
CPU under pending trades.

Seems to be forming to "Plan".

Would make a great example if you wouldnt mind sharing some of your private stuff with us.

 

[tech/a]

OOps.

I meant CEY.

Pologies.

 

[theasxgorilla]

Is this the smart money getting out of CEY?

 

[fleathedog]

Is this the smart money getting out of CEY?

LOL

Nice one Gorilla.

I would define smart money as anyone forseeing a change in markets and acting while most people are trading in the latest fad.

Eg. buying commodities during the height of the tech boom. Or buying tech stocks in the early 80's when most money was chasing commodities. Making these decisions against the trend AND GETTING IT RIGHT is what makes smart money smart.

Some studies suggest that directors buying is a sign of 'smart money', as stocks GENERALLY do well after 'insider' buying.

 

[tech/a]

Is this the smart money getting out of CEY?

I'll leave it to Radge but-----NO.

 

[Kauri]

I'll leave it to Radge but-----NO.

It's great when the light is turned on...