Wednesday, December 05, 2007 2:58:16 AM
I agree. Before the spikeup, there was a gradual but stable increase in price per share, then a noticeable spike, followed by a much larger spike, which was then squashed like a bug, by one or more people selling millions of shares into the rally, with no price limit. The spikes may have been caused by new interested parties buying in, without using limit orders. My investment banker explained the mechanics of that to me. In my view, there has been no bad news to discourage the interest that was causing that gradual increase in share price, in fact more good news has come out. But this crash-and-burn in share price has a lot of people upset, I think you're right about that. I don't let it bother me, and I think others shouldn't, either. (Though buying into the spike, only to be left with the more expensive shares shortly thereafter, would be understandably disconcerting. A painful error to learn by, I suppose.) I'm just holding my shares "no matter what," and I'll continue to buy more (to top off my position as my portfolio grows) as long as there is no adverse news strong enough to dissuade me.
> Most respectfully, I think the spikeup and swift retracement has everyone upset.I save these post's by the hundred and have many showing the possibilities here. I don't say it's going up, or to buy it, but I still like it.
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