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Any Investors In Here?
I was watching Bloomberg TV and they said allot of people are investing into PIKE it's a major utility company on the east coast. They will get a ton of business from Hurricane Sandy with all the down power lines etc. After hour trading the stocks volume rose from 35,000 to 85,000 I think this stock my skyrocket if theirs allot of damage from this hurrican, what do you think?
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Seems like a good idea, but probably too late to get in by the sounds of it.
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Probably already factored into the price.
If anything keep an eye on the storm and short them, cause if it doesn't cause much damage. Then the price is going to drop. |
The storm is already causing massive damage and it hasn't even made landfall yet. I was watching video of houses getting washed away at sea. I doubt I'll short it. I can't trade till probably Wed anyway because all the markets are closed until the storm passes. I'll paper trade the stock for fun with fake money.
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To low a volume to ever profitability exit the stock.
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