Re: Still some profit taking
in response to
by
posted on
Jan 17, 2008 05:48AM
I've wondered why the SP could drop .03 on only 30,000 sells when there is 390,000,000 OS. If the MM's realize that someone is dumping alot of shares slowly (over time), everytime they see sells from that area coming in they immediately start dropping the price.
Keep in mind if that many people are putting LIMIT SELLS.... the pps can drop on 1000 shares... because the MMs can see that 100 sellers are standing in line to sell their shares....... and if nobody is in line to buy...... down you go.
Agree completely..... lots of investors have thousands of shares at cheap prices....
im still fired up about this stock though....