06-07-2008, 08:18 AM
[quote samintx]
Short covering, longs getting in, Israel saying they will bomb Iran's nukes, the dollar vs the Euro. It is not just one thing, or simple.
Yes, for the long-term, these are all factors, but for a sudden, $11 jump, it is as simple as what I would call market manipulation. Happens all the time. Analyst says that AAPL will hit $200 and the share price jumps. Douchebags say oil will hit $150/bbl, price jumps.
Short covering, longs getting in, Israel saying they will bomb Iran's nukes, the dollar vs the Euro. It is not just one thing, or simple.
Yes, for the long-term, these are all factors, but for a sudden, $11 jump, it is as simple as what I would call market manipulation. Happens all the time. Analyst says that AAPL will hit $200 and the share price jumps. Douchebags say oil will hit $150/bbl, price jumps.