News Focus
News Focus
Followers 0
Posts 14843
Boards Moderated 0
Alias Born 05/25/2005

Re: MrGoodBuddy post# 250903

Wednesday, 02/28/2007 9:48:40 AM

Wednesday, February 28, 2007 9:48:40 AM

Post# of 311080
MrGood, Exactly. He time-boxed himself and turned the AF into a singular pass/fail event. And he failed (didn't deliver).

THAT could cause a massive share selloff, to the tune of millions of shares at the same time. And with that kind of massive volume on the sell side, it's no wonder that the price dropped so fast. If folks keep SELLING regardless of price, then they'll keep dropping the bid. Simple as that. The speed of the crash is fishy, sure, but PV did blunder his way into a pass/fail event... and the outcome of non-delivery, in a situation like that, is almost always a massive selloff (especially for a pinksheet who'd been getting hyped on that singular event for months).

It's really not rocket science to understand it.

All Posts Are Just My Opinion

Volume:
Day Range:
Bid:
Ask:
Last Trade Time:
Total Trades:
  • 1D
  • 1M
  • 3M
  • 6M
  • 1Y
  • 5Y