Re: anyone think it's time to buy more
in response to
by
posted on
Jun 25, 2008 09:04AM
(Edit this message through the "fast facts" section)
That's a hard call to make as I thought we too would around $4.70.....the thing is, are you thinking long term or short? I know you want the best possible price, as cheap as possible, but that's hard to judge...if I could do that, I'd be pretty much be a billionaire by buying at the lowest and selling at the highs...but if you are long term, then this isn't that bad as we have pulled back a ways from the $6.43 high.....I can't say buy or don't, it's not my place...but if you are long term like I said, then it won't matter because these prices will be cheap come 6 months if things work out...shorter term there is some volatility, but eventually institutions will start buying heavy again because they know a bargain when they see one...I think a lot are on the sidelines waiting to jump in when they see a clear uptrend.....
Anywho, it's your choice and your money! Mr Binnion bought yesterday, I guess that was a good price for him lol.
In regards to manipulation...I read this article on Hedge funds and how they are mainly the culprits with driving prices down and naked shorting stocks to manipulate and then buy back in cheaper....and they do it with a lot of big companies as well....I wish I could find the article...I'll look for it....but they buy up everything on the way up, and then influence the price because of their large share count is basically the general idea...which I'm sure you all know...sorry to repeat things!
Rocco