InvestorsHub Logo
Followers 241
Posts 12151
Boards Moderated 3
Alias Born 04/05/2009

Re: arp511 post# 1656

Tuesday, 06/15/2010 3:04:19 AM

Tuesday, June 15, 2010 3:04:19 AM

Post# of 3162
Seen this occur numerous times after huge spikes.

There is a couple of early buys. Then when the price fails to hold, short-term investors with profits run for the exit all at the same time. This creates an oversold situation and then buyers return. All of this happens within the first hour.

I saw it happen in FMNTQ. It had moved up to $.30. It dropped back down in a similar fashion. Once it got back to $.28, I bailed out. Huge mistake on my part. It eventually moved to $1.00.

I am not putting a target out there. Just trying to explain something I have seen too many times.

Regarding Taylor, as a form filer, his trades would have to be disclosed. No one should expect to see any reported sales. I view his investment in MMPIQ similar to Ackman and GGP - a long-term investment seeking maximum results. He and his team produce quality results. I suggest everyone check it out.

If you aren't an Enterprising Investor, become one—you'll love making money like Benjamin Graham.

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.