there is this term, Smart Money, being chucked around all over the place, here are some examples if u donno wot i meeeen, they go somethin like this:
" ... the smart money has been buying up all week and taken a position in this baby ... "
" ... this little ripper is under the radar, no speculators in sight but the smart money is in ... "
ok i reckon i have a pretty good idea of who the smart money is, let me try to define it, on the ball serious long term institutional investors who do not speculate much they only buy sure things and/or safe stocks, please correct me,
its not so much the definition i am after but HOW do people know that it was indeed smart money that did the buying this or that morning? Do they read the substantial holder anns? Are some big investors generally considered smarter than others? Or is there some clue that can be gleaned from one minute charts, market depth, etc? Or does it help to have a broker brother in law?