"The markets are for speculation, buy, sell, short, long or hold and that what makes a market... IMO if the shorts want the huge profit again they should let it run up, instead of hammering down... Last time I checked: there is a lot MORE profit from $1.96 to $.02 then there is from $.12 to $.072!!!"
EXACTLY!!!! I run charts every week on many stocks I like, 3 months, 6 months, and 1-1/2 yeras on about 15 different indicators, besides the usual DD and speculations you get from boards. To each his own, but this usually saves me the time in waiting or making huge mistakes.
-BUT-
I've seen very few stocks drop from a HIGH and recover.
In Dimi's case a drop of $1.96 to 0.024. what a Shorter's paradise. How many of those guys retire. To nickel and dime DIMI on the way up is pointless. Will all the excitement behind DIMI and rumors flying around, buying pressure could have brought this back up there and THE MM's would have been very happy, to then again manipulate back down WIN-WIN BOTH WAYS!!!
Now the doubt and frustration and disappointment sets in, and most investor's who play BULLISH, will go to the next play.
Too many to count, I'm in my other sweet potato and when they said news will come after the bell and BAM 4:00 excellent news. You know how many people are going to dump money on the rise...INSANE come monday...
Dimi was on the same path 8 days of a bullish run, is still a GREAT return, but a major pop would have the MM's sealing that door and collecting those bags who didn't have a clue to take profit.
I can't understand why people would decide to stay long on any pennystock...It's a needle in a haystack to exect that golden lottery ticket and for the life of me
