Barry, I am reposting my response to your post from Raging Bull.
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Thank you for the clearly articulated picture of what is happening right now with SNRS.
Those with Level II can watch AVLN and FAHN all day long doing exactly what Barry is talking about. They are making a bundle from the weak hands and all the stop loss sales. And they shake the longs, inhibiting them from dollar costing averaging their position down.
The principal means we have in combating these forces is to take advantage of their efforts. Buy on every dip. I have been doing it. I am able to afford to continue to buy, buy, buy. 1000 shares at 11 1/2, 1000 at 10 1/2, 1500 at 9 5/8, and I will continue to do it as long as we keep seeing lower lows. Most of you probably cannot afford to do this with 1000 share trades. But when you are asking yourself, 'how low can this go?', it might be a good time to think about adding to your position, be it 100, 500, or 1000 shares.
Nothing has changed in the story that the company has presented except that we are a day, a week, or a month closer to FDA approval. The S&P MarketScope articles are just as valid today as they were 6 months ago except that the company has completed every step they said they were going to make and delivered on every promise made to shareholders.
If you haven't read all of Barry's posting, it will be well worth your time.
Joe (jpublic89 on RB and YAHOO) |
