If you're genuinely interested in the logic behind my bearish opinion...and you are most welcome to view my opinions as being bereft of any logic whatsoever....I will invite you to read this Business Insider article:
Here is the relevant part about how a smart money player sells high while the dumb money retail crowd buys high:
Then, he will try to time the top of his planned price rise with some "good news" about the stock he may already know about
Remember the saying, "Buy the rumor, sell the news"?
"You have often noticed that a stock will sell at the highest price for many months on the very day when a stock dividend, or some very bullish news, appears in print. This is not mere accident.
The whole move is manufactured. Its purpose is to make money for inside interests — those who are operating in the stock in a large way. And this can only be done by fooling the public, or by inducing the public to fool themselves."
Does this apply to VUZI? Obviously there's no dividend....this is a trading method that's been around since the 1930s....and while the game is played differently now, entirely electronic with no trading floors or pits....its still the same game of misdirection as I see things.
It has to be though imo...if the smart money industry players are going to sell high they need others willing to buy high....and in my opinion that means the retail crowd, aka the herd.
Retailers are the ones reading bullish write ups on SeekingAlpha, listening to interviews with paid promotional firms, reading write ups by still more promotional firms....
With all this going on you see the PPS for a stock topping out....stuck in a range after a big climb. Why does the climb stop? IMO its obvious...Sellers are willing to dump their shares carefully in equal measure to meet the demand....holding off to let the price climb again, then resuming their selling which brings the PPS down.
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