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Re: MNYC post# 3327

Thursday, 07/14/2011 4:14:47 PM

Thursday, July 14, 2011 4:14:47 PM

Post# of 92256
It'll go back up... Should have never dropped this low but when people get scared of a little red and start unloading like sheep, this is exactly what happens ... we'll need to stabilize for a bit ... don't know when it will reverse upwards but could happen as soon as tomorrow or later .. It all depends on the sheep and when their shares are fully snatched ... The buy pressure is clearly there as every sell is met with a buy ... When the sellers are out, the buyers will pay more ... Untill then, I see it as just a transfer of shares to hands that want to get in on bigger gains at the expenses of sheep that want out ... If these panic sellers sold the same shares on the way up, this drop would not have happened and their shares would gave been absorbed ... but to unload in the middle of a reversal is just foolish if not done early enough ... now when it moves up, they're gonna be like ' oh damn, oops ' :| ... oh well ... it is what it is ...

-PD