Tuesday, April 27, 2010 2:19:29 PM
Now you could accuse the traders, but the reason the stock moves so much is because it is very illiquid. (that means there isn't a large enough pool of buyers and/or sellers to move price in small increments). So the stock moves in large increments. In theory, the traders are good, because they provide that liquidity.
Still we don't have nearly enough traders...making the existing traders price movers. It must be so easy:
sell some. say negative things. sell some more. say negative things. sell all of it. say negative things. THEN BUY BUY BUY.
Next go the other direction, say positive things, buy a little more...and so on...rinse repeat.
Ironically to stop this pattern, we need more traders not less of them. The more competing against each other, the better.
Krombacher
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