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Ellix

04/28/06 1:17 PM

#153359 RE: linedrivehitter #153347

Re: Why would somebody sell today?

Answer: to make short term profits. One would notice that these characters aren't really investors or those who really care about the essence of the news. They certainly didn't listen to the CC or UB or look into IHUB.

All they are interested about is whether today's stock price will go up or down a certain range. They have quick triggers to buy or sell based on whatever metrics they are relying on to confirm the fleeting trend. It is easy to figure out that a stock which goes up 20%+ in one day would normally give back some. These are daytraders, folks. Shortly, they would have taken their gains and moved on to a different frenzy in the stock pond. They would also naturally end up with a zero position in the stock; hopefully at that point not much damage would have been done (except to the egos of those who presumed that there should have been a gap up) and the fundamentals of the stock will again prevail. Just wait out the storm.