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Re: luckyone1021 post# 111637

Thursday, 09/20/2012 11:31:17 AM

Thursday, September 20, 2012 11:31:17 AM

Post# of 232507
They rarely go there immediately. It is a slow painful process. For those that truly want to minimize loses, there is a fews days to possibly a few weeks when it reopens to sell into the "averaging down", "this is all a big mistake" emotional activity.

You will hear two refrains during this time, one is exultation each time it ticks up as proof positive that all is going to be ok...and second, as the volume starts to wane the view that it means nobody wants to sell so all is good.

All that happens is that activity gets more sporadic, price swings can be signficant as trades are manually matched, and for those that think this will be a swing trade opportunity, you best think again.