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DangerAbe

10/04/06 2:31 PM

#2343 RE: lmcat #2341

Do you understand how volume works? There was NO VOLUME this morning so the price this morning meant nothing. No one was selling. Whoever bought the 10k at 1.63 was smart. and will be proved VERY smart in the coming months.

illhonky

10/04/06 2:48 PM

#2348 RE: lmcat #2341

i think i know the answer to this one.

no offense to anyone in the room of course (well, maybe one or two). before i signed up with investor's hub, i didnt realize the types of people who day trade from home. i thought they were more like me. driven, educated, almost over achieving in their lives and goals.

that expectation, i have found, can not be farther from the truth. the trading public is as mentally retarded as the general public (which should be expected i guess, but disapointing non-the-less).

traders do stupid things. just as drivers on the highway crash into eachother at 60 miles per hour or idiots jump into the animal cage at zoos and wonder why they get attacked by panda bears.

hope that explains it for you. they'll most likely be feeling that one in the morning.