InvestorsHub Logo
Followers 0
Posts 6061
Boards Moderated 0
Alias Born 09/10/2000

Re: mimurray post# 37086

Thursday, 02/16/2006 6:13:05 AM

Thursday, February 16, 2006 6:13:05 AM

Post# of 315345
re: "...the stock can't gain any momo as you put it when such a huge majority of buy orders are so far below the ask..."

and a big part of the reason for this is that newbies dont have the confidence of many "longs", and are only willing to get in low for a potential flip...and the "longs" that are averaging down want in as low as possible as well to bring their commitment to a more "reasonable" level

the above happens quite often with these plays, and the longer the SP stays down, the more uneasy everyone becomes because they start to question the "fundamentals", and who really owns what...and a non-responsive TA caps it off

meanwhile, the divi is getting slaughtered as well, and its only been a month+-
this may be part of the reason
http://www.investorshub.com/boards/read_msg.asp?Message_id=8898600&txt2find=suncrest



but no worries, if all else fails...



[kudos to paulie_cashews]