posted on
Nov 14, 2007 05:04PM
I actually increased my position today. Picked them up at 4.73 today, just could not resist. It was very interesting how fast this happened. The price was moving down so fast it would make your head spin. Every 2 seconds I was refreshing, and the price was getting lower and lower, then at 4.65 it leveled off and started shooting the other way. I picked up "at market" within 30 seconds from 4.65 and it was already at 4.73, shot back up to 5.00 then finished at 4.96. This is definitly fun to follow an attack...this is exactly what this was. Pure unrelentless sells into the market to drive the price down and collect on the poor souls who had stop losses. within 5 minutes, we went thru 250k shares or 14% of the daily volume. and then 30 minutes later, 200k of buys at .25 below the days average. I am starting to understand a little bit how these guys work. It is for boys with big wallets and big balls!!!! I have neither but I love gambling and learning. Cannot wait to see what tomorrow brings. You need big money to do what these guys did today and they would not be doing this with a so so stock. I actually consider this a compliment to this stock. Enough rambling...Good night!