Re: Selling stock at this point will get you nowhere.Too many questions unanswered.
posted on
May 27, 2012 11:49PM
Keep in mind, the opinions on this site are for the most part speculation and are not necessarily the opinions of the company WITHOUT PREJUDICE
I think this is exactly what happened!
The stage was set perfectly on thursday with a news release that appeared bad to average joes, and just enough shares dumped to drive the price through the floor. (Which was actually not negative at all, because there is not one drill shown on the result that was hammered right into the middle of the anomoly).
Then what happens is that thursady night a million people are contemplating dumping. And soon as the market opened friday all the weaklings that don't do any DD started dumping, and all the smart people that set this all up start sucking up all the shares at 20 cents.
And honestly I don't feel the least bit sorry for the people who get tricked into dumping because they do not do any DD.
In fact it is a good thing because it shakes out more wimps, so when the stock takes off it will really fly because their wont be as many wimps selling out at low prices.