Replies to post #68 on Orchid Island Capital Inc. (ORC)

[Tinkerer]

I agree. But once the reality sets in that we are trapped under $12.50 for a while, and 1.8 million shares are hitting the float, selling pressure will greatly increase. We have already hit $12.35 in premarket. I look for a low today near $11.90 when people hit the exit door. This stock does not have much volume, so when buyers or sellers come and go in mass quantities, the share price reflects it.

There will be some large holders who want out quickly. Their shares will go for cheap. Remember, many people loaded up in the 10's, so they can sell in the mid-11's and still make money.

[cdaniel394]

Wow! Iver 500,000 shares traded in the first 20 minutes. don't think it will get is low as others thought. going to give it a few more hours before I make my buy decision.

[cdaniel394]

Wow! Iver 500,000 shares traded in the first 20 minutes. don't think it will get is low as others thought. going to give it a few more hours before I make my buy decision.