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Re: hotrod34racer post# 13677

Monday, 01/24/2011 9:00:06 PM

Monday, January 24, 2011 9:00:06 PM

Post# of 142779
Firstly, I hope everything is alright and congratulations to you and your wife! My "Take" on today and it is just that.... Some are claiming dilution. That may be or not be. If it is, that only attibuted to a small reason for the drop. The BIGGEST reason for the drop is all the noninvestors that got in the past week and of which many literally opened up their first trading account to take advantage of this. Many of them have no stomach for a 20 percent drop and you know how the Dominos fall. Last week, remember how everybody was saying I have everybody at my work buying shares, I have all my Facebook friends coming on board and on and on. I believe they literally did. People with no knowledge whatsoever and today the panicked.

I've seen this a 100 times over the years in Pennys. I was once there I must admit. Today and with my years of knowledge on what to do and not to do, I looked a few times at work and you know what was really funny..... I never once contemplated selling. Old days I would have been in the mad dash out.

This literally will be back up. Again, for all of us "Believers" we have to literally come back here in a month and then we can talk. This day to day stuff is meaningless. Stocks go up and down but when they are Hot the trend is up and we will see that when we look back 30-60 days from now.