1. And there are momentum players who are involved. 2. Because they buy shares that are already moving up rapidly and sell during steep declines, momentum players tend to exaggerate price swings in both directions. 3. Day traders are momentum players, and they look for any bit of news which might move a stock. 4. Last year, when stocks of money-losing technology companies were soaring, momentum players could chalk up gains with timely trades. 5. So-called momentum players buy shares based on their price movement rather than underlying fundamentals like earnings. 6. To paraphrase Oscar Wilde, these investors, so-called momentum players, know the price of everything and the value of nothing. |