News Focus
News Focus
Followers 54
Posts 7809
Boards Moderated 0
Alias Born 06/13/2006

Re: farviewhill post# 32349

Thursday, 06/09/2011 5:54:23 PM

Thursday, June 09, 2011 5:54:23 PM

Post# of 92949
You have a good point!
Having read the posts at the various forums the last few days, it is obvious that there are a lot of young and/or inexperienced investors who either never heard or believed in the old axiom "Buy on the rumor and sell on the news."
In addition there were a lot of unrealistic expectations as to what would happen today in the way of news, announcements, etc.
For me anyways it was a no brainer to pick up a few shares when it was a little over .19 before the SHM feeling with quite a bit of confidence that no matter whether the move was sustained or not,at some point prior to the meeting, the price would go up at least a penny or two because of speculation, price manipulation, etc.
Like in the movie Groundhog Day, some of the same stuff happens over and over again in the stock market when events like this one occur.

Discover What Traders Are Watching

Explore small cap ideas before they hit the headlines.

Join Today