InvestorsHub Logo
Followers 6
Posts 313
Boards Moderated 0
Alias Born 04/24/2012

Re: garyhellmann post# 51765

Tuesday, 06/12/2012 12:33:43 AM

Tuesday, June 12, 2012 12:33:43 AM

Post# of 160012
About 30 - 40% of the daily sales are back to cover old short positions ( shorting to cover) or playing "catch" especially in FLA. Meanwhile impatient holders are too weak to hold, therefore 10-20% of the sales are of desperation and falling right into the hands of the same aquiring long positions. Its the oldest game in the book, plenty to sell into a cover if needed. Dont believe all you hear here, especially those that type with different accents under one screen name.
In all reality, selling to make money is no real way to make money. You make it on the buy, not the sell.

There is not enough volume yet to get excited about selling. If it goes down on a few 100k, it is ONLY a buy signal for those who can.