InvestorsHub Logo
Followers 71
Posts 6020
Boards Moderated 2
Alias Born 10/05/2009

Re: alittle post# 5914

Wednesday, 03/03/2010 12:24:24 PM

Wednesday, March 03, 2010 12:24:24 PM

Post# of 30337
Well keep two things in mind though.

First off, don't rely on the "Trades" section here. Take the last trade for example at .0055. Was that really a fricken sell? It calls anything below the ask a "sell." The irony here is those 130k WERE bought on the ask, but since the L2 is wrong half the time unless you refresh it which was the case here it gets labeled a sell.

I use the Ihub junk but its garbage compared to alternatives, unfortunately it's priced right (cheaply). Hell that's why I use it.

TOO many damn folks rely on that stupid trades page when deciding how a stock is trading rather then looking back and analyzing what actually is happening. It's pure laziness.

2nd - For every "sell" there is a buyer. I know its difficult for lots of folks to get, (please know I'm definitely not pointing any fingers at you alittle). Half the time I sit on the bid so I get discounted shares as I buy into a run. Think if I buy here at .005 I can turn around and sell at .0056 right now and make over a 10% return within minutes. Am I selling at .005?? No I'm buying someone elses shares. As long as the support holds that's the case... People are bid sitting accumulating shares for the next run.
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.