Minerco Inc (fka MINE)

[DCALongRun]

Reasons for selloff.
People taking profits, end of the month people have to pay bills. Lets not forget about the people who have less than $25,000 in their accounts. They are subjected to the PDT (pattern day trading rule). They have to wait for the funds to clear. Next week we will see them back up buying shares. I am hearing conversations on the east coast (is it time to get back in). Something else to keep in mind. Many folks who are into trading stocks hate mutual funds. They can't stand to take a temporary paper loss. They have never been and never will be long term investors (IMHO). When you tell them that your mutual fund portfolio has 6 to 7 figures and it swings up and down $8,000 to $10,000 a day sometimes that freaks them out. If you are long term investor this is an excellent time to get into the stock before it gets uplisted and becomes part of smart cap indexes.