Tuesday, April 13, 2010

Action in Avon




Today AVP was down 8% and traded 0ver 21 million shares (about 5 to 6 times normal volume) on some trumped up news about China. This is what is known as a shake out. Something important will probably happen soon--maybe a takeover. This is the second such shakeout that has occured in the last 6 months. The stock has dramatically moved from weak hands to strong hands.

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