Tuesday, June 15, 2010 7:20:31 PM
So with the price falling, people start to bail and driving the price down. Now with many of those traders gone, we got people that are playing this stock for small gains.
Because of stock volitility, the people who are buying for longer term see the potiential but think why should I buy at the ask when I can get it at the bid for less. It becomes discouraging when your buying at the ask and running the price up just to have someone sell at the bid to bring it right back down. Just not enough volume to combat that type of trading. We need volume!!
The thing is that I believe we are way oversold for what is going on with the copany and if your long like me, I can deal with the daily back and forth like we are seeing because eventually we will get volume and push this stock north.
Just my opinion. GLTA...
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