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S&P 500
5,399.22
(
-0.51%
)
US TECH 100
18,330.80
(
0.00%
)
Dow Jones
39,935.07
(
0.20%
)
Brent Oil
81.49
(
-0.06%
)
Bitcoin
66,990.29
(
1.83%
)
Post# of 158400
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BennySlots

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BennySlots

Re: NightTiger post# 58316

Wednesday, 03/27/2013 4:17:32 PM

Wednesday, March 27, 2013 4:17:32 PM

Post# of 158400
I'm looking forward to the price returning where we should be at .01+. We will eventually correct course and return there.

And while it would've been great to see the price climb higher today, today's action isn't too surprising. Yesterday's volume was crazy, and with that many people buying in the low 4s it was easy money for flippers to sell today in the 5s.

It's not buying that needs to stop. It's the selling. At .005, these prices are still a steal for longs. Once the flippers and the fearful quit selling, people will be forced to pay higher prices and we'll move back up.

Of course, news could drop any day and then the mechanics go right out the window. Until then, longs should load up and hold. IMO.
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