InvestorsHub Logo
Followers 17
Posts 2691
Boards Moderated 1
Alias Born 01/17/2007

Re: sneaky_peaky post# 20713

Wednesday, 08/06/2008 12:44:51 PM

Wednesday, August 06, 2008 12:44:51 PM

Post# of 86719
Let me say this first. You hear it all the time. Short covering is not real buying. At first, it makes you laugh. A buy to cover is a buy is a buy. Not really. A buy to cover is an order placed on the bid that gets bought when someone else sells.

True buying is when an order is placed to buy the supply or higher of a stock placed on the ask. It is the only way a stock can ever go higher. You can buy all day on the bid of a stock, but you are not buying. You are getting filled with someone else's shares who is selling. There is a major difference.

No momentum. No chart breaks. No upside.

Now, stay tuned. I think I just found Kenny's $10 million he was looking for.



Doing the work required to bring quality information to others: Rilo787, sneakypeaky, Tirunesh, BillyC49, Coopermun, OldTimer