i'm always fascinated when i read boards that discourage trading. no selling allowed. just buy and hold. buy more, hold more. buy again, yada, yada.
**sheesh**
do those posters think that's good trading? heavens to murgatroyd. where do they think the shares they'll buy are coming from? if no one is trading, then maybe they believe in dilution. or maybe they think they'll squeeze the stock up and then they can sell the top. uh huh!
how do they think they'll get rid of their shares when suddenly everybody sees it reaching a top? it'll be a race to the bottom. but yeah! go ahead. take the liquidity out of the stock. that'll work.
gggrrrrrr...
i will state this once more, a stock that does not trade becomes illiquid. an illiquid stock does NOT float to the top. it sinks slowly, even in shallow waters.
todays blow-off in INMG, long overdue, is a natural extension of a stock that has traded up without solidifying a higher based platform. and it is nothing more than that. this is not capitulation volume; its not even remotely close.
