my other question.....
posted on
Jan 29, 2009 04:06PM
Specializing in the design of mobile video and multimedia systems and solutions based on OFDM technology Since 1990. Posts with name calling, lacking clarity or excessively verbose, will be deleted. Viewpoints pro or con always welcome
Hypothetically, if there was indeed a "back-dooring" or some other sort of bullshite coming, why isn't there any unloading of shares by those in the know. Seriously, if the shares were overvalued here, IMO, the powers at be would have already started to run this thing up (even if only to $1.00 range) and thus began to generate some much needed volume to unload on the unsuspecting sheep. I could be wrong here, but if you watch stocks that move up on heavy volume, unfavourable news and falling share price generally follow -- it is a "dump" for those close to the inside. This is not happening here, but again, I could be getting ahead of myself -- perhaps they are waiting until the last minute (it's going to take some time to unload millions of shares though so if this is indeed a possibility, they soon better get crackin'). I find it hard to believe that nobody would be unloading heavily if shareholders were about to get screwed over. And, furthermore, I would suspect Haywood, and especially Anonymous to be doing just the opposite of what they are doing -- selling, not buying. Afterall, it's the lowly retailers that get caught holding the bag, and as far as I can recall your average Joe Retailers don't use Haywood, let alone Anonymous (unless their name is Buby, lol).
Distribution / unloading is always signified by high volume and violent price action(it doesn't matter which direction the stock is moving in -- before bad news is public knowledge, price goes up. after bad news is public or a downside surprise, price goes down). Accumulation, especially at the bottom (remember InDa talking about bottom, middle, top) is always stealthy, the whole while the stock appears dormant as the price is tightly controlled. I am using logic and common sense here, and this "doom & gloom" scenario just isn't showing itself through the trading -- like I said this could change (if someone unloads 1 million share tomorrow and the price craters than that is a different story) -- but, right now, I'm not seeing it. 30 days really can be an eternity in the trading of a stock so between now and then there is no telling what may happen, but I can remember seeing TIM open 600 % higher than the previous days close when it began it's big run -- just goes to show, anything can happen very quickly. One thing I've learned is that there is too much put into this myth of "smart money". TIM is prime example -- if all the "smart money" was already in with full positions at the lows, how on earth did the price jump so much in 1 day, and then continue to run on to even loftier levels. I'm tellin', 30 days is an eternity, and alot of shares can change hands in that amount of time.