InvestorsHub Logo
Followers 35
Posts 555
Boards Moderated 0
Alias Born 08/25/2007

Re: overandout post# 22515

Monday, 08/22/2011 12:01:51 PM

Monday, August 22, 2011 12:01:51 PM

Post# of 67010
With due respect to the notion that MM's respond to "ask slapping" by raising the bid, I subscribe to the concept of supply and demand. When more shares are being sold than bought bid and ask both go down.
In that environment it is foolhardy to purchase shares at the ask. I did that at .0008 out of loyalty and look what happened to me. When CGFIA backs off from massive selling of shares and comes out with good news then big money will move in and demand will outweigh supply. That is how markets move, not by puney investors like me slapping the ask hoping to change the world.

Join the InvestorsHub Community

Register for free to join our community of investors and share your ideas. You will also get access to streaming quotes, interactive charts, trades, portfolio, live options flow and more tools.