InvestorsHub Logo
Boards
News
Market Data
Markets
Discover
Discover
Subscribe Login/Register account icon
S&P 500
5,505.00
(
-0.71%
)
US TECH 100
19,000.00
(
-0.94%
)
Dow Jones
40,287.53
(
-0.93%
)
Brent Oil
81.88
(
0.00%
)
Bitcoin
67,155.21
(
-0.03%
)
Post# of 5011
Next 10
Reply Private New
Public Reply Private Reply New Post
Keep Last Read
Keep Next 10 Report Keyboard Shortcuts
Next 10 Prev Next

wadirum1

Send PM Follow Ignore
Followers 322
Posts 19703
Boards Moderated 0
Alias Born 06/01/2007

wadirum1

Member Level

Re: Biggiee post# 3671

Tuesday, 08/07/2012 10:56:25 AM

Tuesday, August 07, 2012 10:56:25 AM

Post# of 5011
It might not be crazy from the seller's perspective. We have no way of knowing why they need the money.

What I find more significant from today's trading is that this hair-fire emergency selling has been met by healthy amounts of buying... When a seller is unloading a large position in a hurry, they have to lower the ask to a price at which they can get volume. That volume then clears out the selling and establishes the basis for a strong move up. Somebody is going to make a killing on the shares bought today.

There is a tide in the affairs of men.
Which, taken at the flood, leads on to fortune;
Omitted, all the voyage of their life
Is bound in shallows and in miseries.
On such a full sea are we now afloat,
And we must take the current when it serves,

Public Reply Private Reply New Post
Keep Last Read
Keep Last Read Next 10 Report Keyboard Shortcuts
Next 10 Prev Next
Join InvestorsHub

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.

Sign Up