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Santa Dives into December


Santa Season didn’t exactly get off to a flying start. More like a diving start — and a mildly surprising one at that, since DaBoyz appeared to have hoisted shares effortlessly overnight. In retrospect, it was a pump-and-dump operation, although not a very ambitious one. The dumping began at 4 a.m. in the dead of night, presumably because sellers doubted there would be any buyers left if they waited till the opening.  They were right to have been nervous, since shares dove on the first bar of the regular session. The remainder of the day was spent screwing the pooch, with the broad averages scuddling sideways from 10 a.m. till the close.  The tracks they left suggest that we may as well flip a coin to determine where they might be headed next.

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