Your question is very good one, indeed. Why were the sellers distressed??? You have better ask them why they are so distressed and rushed to sell at .20. Not even wait for selling at .23 for example, yesterday.
Hsg, this is market place, there is lots bears and bulls, the market price reflects not only different opinions of many market players, but also all the hopes and fears and emotional, resources problem, margin calls, sell pressure from their wif=ves, different needs [cash requirements}, sell to pay off some margin calls most likely.
They are distressed and when they saw SKG go down three days in arow, they rush out in a hurry with distress emoption.
But professionals or good traders realize these, SKG there is no any fundamental changes, besides globalo base like DOW, Nasdaq, MCF, BII, SOJ, GEM, etc..... are looking good, so go figure.
Buy low sell hi, there is no fear and there is no greed necessary, part of the system that will beat the hell ,out of the market.
John Paquet
These distress sellers are thing SKG will go down, never mind figuring going up to a buck. You gonna be kidding.
Look at DOw +53 new day hi, Nasdaq +9.01 OIl down down will down more. RGO $6.75 the low today, Yahoohohohohohohohohoo!!!! |
