Daniel, if there is anything I can do to help let me know. After recommending investors to short Alabama National (ALAB), the stock tanked more than $10 in the span of a few short weeks.
The point was that there were plenty of solid fundamental data backing the argument to buy. But banks were getting hit hard and this play was technically in serious trouble.
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Comment by Daniel on 16 August 2007:
I couldn’t understand some parts of this article , but I guess I just need to check some more resources regarding this, because it sounds interesting.
Comment by Stephen Oakes on 17 August 2007:
Daniel, if there is anything I can do to help let me know. After recommending investors to short Alabama National (ALAB), the stock tanked more than $10 in the span of a few short weeks.
The point was that there were plenty of solid fundamental data backing the argument to buy. But banks were getting hit hard and this play was technically in serious trouble.