AI
Tuesday, July 22, 2008 8:17:15 PM
If it is indeed being cellar boxed (it does appears so, imo) they would likely already be starting their covering by then if they let it go to .0004. Cellar boxing a stock is bottoming it out and keeping it there by any means.
When a cellar boxed stock goes, it can go hard and fast, as the shorters scramble to cover, and then it can go even higher, because they don't want to lose money--- so whatever they bought they drive up further to cover any losses. Everyone gets caught up in the momo not knowing where the ultimate top will actually be.
Often called MOASS (Mother Of All Short Selling) effect, it rarely happens-- but when it does...
IT IS AMAZING, and you must hold onto your panties, grab a cocktail, and take a bit of dramamine for the ride.
OH -- and don't forget to take profit and/or your initial investment out at your appropriate time, if/when that happens... it makes the rest of the ride all the more sweet.
...and this little piggy, likes green!
When a cellar boxed stock goes, it can go hard and fast, as the shorters scramble to cover, and then it can go even higher, because they don't want to lose money--- so whatever they bought they drive up further to cover any losses. Everyone gets caught up in the momo not knowing where the ultimate top will actually be.
Often called MOASS (Mother Of All Short Selling) effect, it rarely happens-- but when it does...
IT IS AMAZING, and you must hold onto your panties, grab a cocktail, and take a bit of dramamine for the ride.
OH -- and don't forget to take profit and/or your initial investment out at your appropriate time, if/when that happens... it makes the rest of the ride all the more sweet.
...and this little piggy, likes green!
Disclaimer: Everything I post could quite possibly be completely incorrect, absurd and/or offensive. Read and absorb my insanity at your own risk.
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.
