Thursday, July 19, 2007 11:49:21 AM
What happened today was some idiot put in a no limit sell, and it took the stock down to nothing for a moment. Those who saw it made out like bandits, and the last 124,000 was probably taken by a real crook of an MM who should be shot for taking advantage of someone like this. It's theft -- plain and simple, and he knows it! I've seen it before. Very accurate description is a widow who called her broker and said, "Sell all of John's small stocks right now. I don't care what I get for them. I can't watch that stuff. It made him nervous anyway!" And that's what happened. I'll bet there were several stocks today with similar patterns at some point because of this type of thing.
I'll take these .115's for all I can scrape together. Here -- I'll get 5000 of them now, if that will make some of you stop being fearful of nothing and join me in buying up the shares of a great company.
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