Friday, April 09, 2010 12:12:39 PM
"Looks like the 'big' seller today is on E*Trade. MM symbol ETMM. Probably concerned by PERT on the ask this morning, which started a bit of a cascade. I'm holding all of my remaining shares through earnings next week and if all is decent I'll continue to hold to see the Q1 numbers shortly thereafter. In the absence of news, selling begets selling, and I think that's what we are seeing here."
I would only add that lots of stop-losses may have been triggered here as well, hence the "avalanche" effect downward. Caught a lot of people by surprise after the remarkable buying strength shown the last few weeks by JADA. But let's see what the rest of the day looks like.
This may be the last chance to pick up JADA shares this cheap.
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