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Replies to #270 on Reeds Inc (REED)
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Andy68

08/30/12 9:25 AM

#271 RE: DarkLady #270

So, you are saying this is just profit taking? This is not on the heels of some news and/or earnings update?

I understand how stop limits can cause this type of thing, I just wasn't sure if there was some news or something fundamental that I had missed. I do know that MMs/Hedgers can do this to shake out the weak, hit those stop limits, and pick up some cheapies.

Volume spikes always get my attention

By the way, I added a few hundred more on the dip, at $5.88. I am a technical trader and have my own style, which works for me. I buy when oversold and sell when overbought. I do like to keep an eye on fundamentals, but that is not my primary trade trigger.

DarkLady - Looks like you are running a nice board here.

best of luck to you,
Andy