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      08-22-2011, 02:16 PM   #1
PKL
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BMW stock (BAMXY) - What is going on?

Down over 4% today while the rest of the markest is up/even. What is going on here?
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      08-22-2011, 02:26 PM   #2
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You didn't really think that when markets are up, every stock is up? BAMXY is traded on pink sheets anyway...
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      08-22-2011, 02:29 PM   #3
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No, I didn't say any of that.

However for the past 10 days or so it has been moving with the market. Today is the first day it is doing something drastically different.

I guess you don't have any real insight.
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      08-22-2011, 02:34 PM   #4
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Wouldnt look into it too much. I am sure you searched for some articles, as did I, didnt find anything relevant. Like I said, wouldn't look too much into the movement for today, the markets are skittish, nothing really makes a whole lot of sense right now. Do you own the stock? If so, do you have a target for that stock? Cant make any recommendation or add any insight, sorry.
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      08-22-2011, 02:36 PM   #5
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I own 376 shares purchased at varrying prices. Right now in the red about $1k
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      08-22-2011, 02:37 PM   #6
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Quote:
Originally Posted by PKL View Post
No, I didn't say any of that.

However for the past 10 days or so it has been moving with the market. Today is the first day it is doing something drastically different.

I guess you don't have any real insight.
The way you prefaced your question let me to think nothing else...the market is up, why isn't BMW? You're failing to mention which market, and are assuming that 10 days to be a representative trend...

Bloomberg "insight" that "concern escalated that the global economy is slowing and as the leaders of the euro area failed to restore investor confidence" as to why the DAX has been declining. Take that as far as you want to. It's a price movement, it happens.
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      08-22-2011, 02:41 PM   #7
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right now DAX is down .11% and BMW is down 4.19%
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      08-22-2011, 03:34 PM   #8
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ITT OP gets butthurt bc BTM is right as usual
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      08-22-2011, 04:17 PM   #9
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Quote:
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ITT OP gets butthurt bc BTM is right as usual
Riiiiigggghhhttttt
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      08-22-2011, 05:06 PM   #10
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Quote:
Originally Posted by PKL View Post
Riiiiigggghhhttttt
I just pressed the SOS button in my car and asked BMW myself
They said BTM was right
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