Merk explained: "The Chinese don't have many places they can invest and so they have been buying real estate - including in California where I'm based - and they buy gold, so bitcoin is something they can jump on to and of course if the price goes high it attracts other momentum players
These increases] are by no means small amounts and so there is a bit of profit taking going on from the momentum players
," said Saleem Khokhar, head of equities at National bank of Abu Dhabi's Asset Management Group.
FX short-term players and momentum players
were short and something like this that alters perceptions in any way, whether you believe or not, leads to people covering their risk.
This is because a lot of momentum players
are invested in such stocks," says Sharmila Joshi, co-head, private client group, Emkay Global Financial Services.
What ensued were successive waves of buying by sophisticated and unsophisticated momentum players
Day traders and other momentum players
took the stock as high as $22 per share in the weeks following the IPO, but it soon settled back into the $8 to $12 range, where it has traded ever since.
When sales, earnings, share trading volume and share price are rolling along like a wave, momentum players
Typically, the last sector to rise is always the first to correct because a lot of momentum players
are invested in such stocks.
They're not momentum players
, so they're searching the U.