Monday, December 10, 2012 6:19:46 AM
Today's rapid-fire investing makes it hard to sustain any solid pps in pennyland. Good news like the Coke deal comes through, the pps climbs a bit on volume of more than 100 million shares, and day-traders take their profits; clearly, with as much buying as there was, there was a tremendous amount of selling. I can't find fault with day-trader motivations as we are all here to make a profit. But I sometimes wonder if us longs are missing the boat.
When day-trading is part of the equation, does a penny, even a good penny really have a chance to sustain a decent pps?
Thoughts?
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