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Wednesday, April 06, 2011 5:58:55 PM
dlewis,
You have to keep the share volume and impact in perspective. The volume has been and remains anemic. The selling your seeing ($70K worth on a million share day) is small time. IMO, the selling has been small-time players, weak hands, or misinformed. If the real holders of the company stock were concerned you would see several million shares a day going back and forth.
Disclosure/Opinions:
- I'm long
- I'm adding on this weakness which hasn't been easy; what's that tell you?
- I voted yes to RS and all other proposed amendments
- I would have preferred to see a smaller RS a few months from now, but feel it is still the right first step, even at 1:100
- This isn't your Daddy's RS. If price dips post split it won't be based on fundamentals, but rather panic and misunderstanding, which will generate another buy opportunity.
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