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Re: jaytea post# 127242

Monday, 01/24/2011 4:15:05 PM

Monday, January 24, 2011 4:15:05 PM

Post# of 233825
jaytea, this has been the pattern for some time -- up most of the day and then 3:30 or so, HDSN finds someone who wants to sell low and drives the lowest ask down, generally to be partially recouped at the very end of the day.

I repeatedly ask how does this make sense? Why wouldn't the sellers with HDSN have wanted to sell at a higher ask earlier when it very probably would have been accomplished had HDSN remained at a higher ask.

Have to question whether flippers since there is so little to be gained by buying early and selling at the end of day unless they look at 5-8% as a good daily trade. Most flippers look for larger gains as far as I am aware. I suppose it is worthwhile if you can count on it daily as seems to be the case.

KATX
Volume:
Day Range:
Bid:
Ask:
Last Trade Time:
Total Trades:
  • 1D
  • 1M
  • 3M
  • 6M
  • 1Y
  • 5Y