Friday, May 14, 2010 12:07:46 PM
Also, IMO a large part of the flipping is not simple profit taking. To me it seems that most of the flippers, especially the ones flipping the most shares, are longs who have recognized this trade-consolidate pattern and who are selling at an RSI apex to reinvest most, if not all of the profits in re-purchasing even more shares during the consolidation periods.
As such, IMO the flips are actually beneficial to this stock as it allows the investors to continuously buy up more of the float which will eventually cause the PPS to sky rocket.
Again, this is all IMO.
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