Friday, May 21, 2010 1:22:06 PM
Had to know it would come with so many of them showing up.
10 of them or so, they buy at bid, buy and bid - put some up at lower bid - buy at bid and walk it on down unitil it hit some poeple stop losses. Yes, some poeple even put stops on pinks.
SOmeone probably had a stop at 12 - it hit. Then all the others who bought at under 10 somewhere start getting concerned and we have a bunch of people who start taking profits at 12ish range thinking they will get back at 9 or something.
Once you see the crowd of day tradders show up you just have to know a big pull back will be enginneered, so wait for the day like today and use the operetunity to pick up some more. I feel for the people who bought at 16-18 range thinking it was going over 20 based on all the new blood. Bu tit is not going over 20 until more news. Until then it is all tricks.
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