InvestorsHub Logo
Boards
News
Market Data
Markets
Discover
Discover
AI Subscribe Login/Register account icon
S&P 500
5,346.56
(
-1.84%
)
US TECH 100
17,900.00
(
-2.65%
)
Dow Jones
39,737.26
(
-1.51%
)
Brent Oil
77.36
(
0.00%
)
Bitcoin
61,546.83
(
0.20%
)
Post# of 51429
Next 10
Reply Private New
Public Reply Private Reply New Post
Keep Last Read
Keep Next 10 Report Keyboard Shortcuts
Next 10 Prev Next

PinkElephant

Send PM Follow Ignore
Followers 12
Posts 871
Boards Moderated 0
Alias Born 10/02/2006

PinkElephant

Re: Big Mur post# 20882

Wednesday, 09/05/2007 12:10:56 PM

Wednesday, September 05, 2007 12:10:56 PM

Post# of 51429
Because the current shareholders are tapped out. The MMs slowly but surely bring it down, so that each week we get even cheaper 'cheapies' that everyone can't wait to buy more of. They've soaked up any buying pressure there was.

On top of that there are a good number of folks who got burned on the last pop who are probably more cautious now. I don't buy into a stock, regardless of how good the news is, unless it is moving up. Why buy today if tomorrow it will be cheaper?

On top of that, the news is about future prospects. If they were selling that gas today, then things would be different.
Public Reply Private Reply New Post
Keep Last Read
Keep Last Read Next 10 Report Keyboard Shortcuts
Next 10 Prev Next
Join InvestorsHub

Join the InvestorsHub Community

Register for free to join our community of investors and share your ideas. You will also get access to streaming quotes, interactive charts, trades, portfolio, live options flow and more tools.

Sign Up