Wednesday, May 17, 2017 6:22:49 PM
Never underestimate the stupidity of people who think they are smart daytraders or scalpers. Perfect example was a stock I was watching near the close today - the ask was getting destroyed and two guys unloaded all their shares at the bid. No reason for it at all. But one of them popped up on the Ihub board later and admitted that he's new to this and panicked. The other guy was his roommate. They're a couple of college students and were happy to make a couple of hundred bucks for the weekend. So it's impossible to know what the short-term holds. If looking at the upcoming weeks and months, I think many of us understand that these are bargain prices right now.
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