Monday, May 16, 2011 10:49:19 PM
Why look for someone to blame or to rescue?
This is how the market works. It smashes "group think" and rewards the bleeding individual survivers. Who expected last Thursday's surge up before it happened? It's just the market.
It discounts the future and emotions about it.
Also again, remember what the old timers say about the market:
"...The Itchy Trigger-Finger Axiom:
Someone always has shares to sell to ruin a run. Read it again: Someone ALWAYS has shares to sell to ruin a run. Make this statement your computer desktop and/or screensaver. Say it to yourself ten times whenever you start your trading day. Paint it on the ceiling above your bed so it's the first thing you see in the morning. Please understand that someone owns a whole lot of whatever stock you're jazzed about at much lower average than you -- and often times they own it for NUTHIN'. Also, if you think that YOU are the ONE that is holding all the shares that could potentially ruin a run...think again. Only God knows where all the shares are or will be coming from..."
As to PSPW, stick with your DD on this one. Demand will be there day after day. THERE ARE NOT ENOUGH CHEAP SHARES TO LAST LONGER THAN DEMAND. THIS STORY IS TOO BIG. It will go up!!!
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