Re: what will tomorrow bring ?
in response to
by
posted on
Sep 22, 2010 10:32PM
New Discovery Resulting in a 20KM Mineralized Gold Belt
"Too much anticipation met with a misunderstood news release ....momentum started to tilt downwards and gradually built up into a large profit-taking vacuum."
I agree with this in part but with some distinctions. Firstly, the stock traded up in the first part of the day, then there were those who understood the news well enough to know they could drop the sp and take a lot of people with them to help, based on the fun rule sell on news. This is a handy rule as those that use it know there are many that will hold the bag for them long enough for them to take their money before others cave. None of this has anything to do with fundamentals or the company future. It's simple profiteering not much different than playing poker. My point is not to confuse it with pat pretty little phrases like simple profit taking. It has more to do with fear mongering. Those that think much of this isn't engineerd either don't want to admit it or don't know about human nature and all of the fun little things they do to make a buck at someone else's expense using ultra-fast computers. This is not whining, just pointing out what I believe to be the case. I knew what was going on when I got into this game.
Also of interest is who did most of the selling. Also of interest is the pp that will be coming and I wonder who will be in on it this time. Certainly more than a few retailers. What sp do you think they'd like to get in on? I hope the company has something very special to get the sp up when they have to raise funds. It would be nice not having to be concerned about some large players letting go of millions of shares they got for .72 or .80 when we're hoping to see the sp reach 1.50 but it doesn't quite have the gas to get there.