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Re: smatch555 post# 18846

Thursday, 04/17/2014 4:13:29 AM

Thursday, April 17, 2014 4:13:29 AM

Post# of 112675
smatch555 some of the best runs, long sustainable runs were proceeded by a solid correction. We have not seen that as of yet. What happens is in a big correction the strong handed shareholders come in and buy up a much bigger portion of the float. Without that correction the stock is run by shareholders owning 200-2500 shares of stock. The big buyers will wait for the right opportunity not the first opportunity. If they miss it, or it never comes they move on. I'm not going to risk big money at the current level because the chart has ran a long way in a relatively short time and it is pulling back. If you just look at a 62% retracement it puts the price approx .40. We are in the midst of a small bounce but it hasn't seen the big buyers because they are waiting for a better entry, its as simple as bargain shopping. Why buy before Christmas if you don't have to when you can get a big discount after Christmas.