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TraderGash

10/09/13 12:47 PM

#8497 RE: choateandharvard #8495

I think you got this all wrong. A declining price on an OTC stock is often a sign of institutional buying! The hedge funds will short the stock to get the retail longs to panic, and then scoop up shares at a bargain. This must be true, coz I read it on iHub!
In any case, I will hold my small short position until I perceive that the down trend on the daily chart is no longer my friend (i.e. when it bends at the end)