Friday, August 6, 2010

More on PG

PG missed earnings bad this week, it was one of my earnings calls with 3C. Why in the world would a company that misses so badly do so much better the other stocks in better earnings position?

PG did and still has the long-term remnants of distribution from earlier this week. Look at yesterday in 3C from 1 pm to 3 pm-selling, a negative divergence getting ready for the drop
Now look at 3C this afternoon-straight up with price-program trade! Look at BOP switch from red to green and at what time? 1 p.m. Finally Money Stream at the bottom shows the positive accumulation into the afternoon rally but is still lower then a few days ago because the net/net acc/dist equation is there's still more distribution then accumulation in the stock. This is pure and simple manipulation designed for one thing and it's not even to benefit PG-just to move the market off it's extreme losses.

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