Conversion Solutions Holdings (fka CSHD)

[JJSeabrook]

Kapone, did we not close at almost our 52 week high today? If you're down now, you bought in above the close today, and that didn't leave much room there. Rookie or not, nobody could be down more than .04 today, unless they're shorting it and those guys need Depends for a different reason than the rest of us. LOL

Posted by: Kapone
In reply to: JJSeabrook who wrote msg# 11661 Date:7/25/2006 12:11:51 AM
Post #of 11695

Well, that's not necassarily true JJ. Don't forget there's a lot of rookie traders out there.

They'll buy at the HOD because

- when they see it climbing, they go..yeah yeah..it can't go much higher, when it drops, I'll buy..and it continues up,
- and then they go, well this has gone up way too much, it HAS to drop, I'll buy then...and of course it continues up..
- and they go, holy shit it's running, and scramble to buy it, only to see it start retracing.

The moment it drops 20% or so (which is not unusual in ANY way on this one..at $1.20, a 20% drop is only 24 cents..it's done that quite a few times)..they go..oh shit..it's tanking..and sell at a loss.



Happens all the time. And then they end up on these forums crying foul and how this stock sucks. Of course the stock on the other hand retraced, filled its gaps..and created a new HOD in the meanwhile. (Now, imagine them trying to chase the NEW HOD...the cycle starts all over again...lol)