SI
SI
discoversearch

We've detected that you're using an ad content blocking browser plug-in or feature. Ads provide a critical source of revenue to the continued operation of Silicon Investor.  We ask that you disable ad blocking while on Silicon Investor in the best interests of our community.  If you are not using an ad blocker but are still receiving this message, make sure your browser's tracking protection is set to the 'standard' level.
Strategies & Market Trends : Three Amigos Stock Thread
 Public ReplyPrvt ReplyMark as Last ReadFilePrevious 10Next 10PreviousNext  
To: Charly who wrote (17266)11/5/1999 8:17:00 AM
From: Charly  Read Replies (2) of 29382
 
I picked up some more thoughts about SCUR and todays trading action

--------------------

I understand why some of you might WANT to sell but why you WOULD sell now I can't understand.

Think about it and do some research instead of emotional selling.

1) Since the middle of April we essentially have been flat up until 1 week ago. Ever heard of compression?

2) In that time we have essentially had no institutional buying just us poor retail buyers.

3) Now the past 3-4 days we have had significant institutional buying. How many large blocks in this time? 29 or so just today.

4) And to add to the fire the institutional buyes are "chasing" this thing. As we all know if institutions want in they are usually patient and will buy over time so the price doesn't chase up on them. NOT THE CASE HERE THEY ARE CHASING THIS BIGTIME.

TRANSLATION: MORE THAN 1 INSTITUTION IS ON THE HUNT FOR SOME REASON. REMEMBER WHEN WE ALL FELT THE INSTITUTIONS WERE "TIPPED OFF" PRIOR TO THE APRIL FOOLS JOKE?

SO WHY SHOULDN'T WE THINK THE SAME THING HAS HAPPENED HERE ON THE UPSIDE?

FOR ONCE WE POOR RETAIL BUYERS WERE IN FRONT OF THE INSTITUTIONS ON THE BUY SIDE. DON'T GIVE THEM THE OPPORTUNITY TO PICK UP YOUR SHARES NOW. HOLD OUT. BE PATIENT. NEXT WEEK WILL BE BETTER.

Ok, now that I have that off my chest be prepared. The shorts will start to arrive with FUD trying to scare us. I predict this will be easier on this stock than most because we have all been underwater for some time. Don't believe it. REMEMBER THE SMART MONEY "INSTITUTIONS" ARE CHASING THIS THING. THEY DON'T BUY MILLIONS OF SHARES OVER THE LAST FEW DAYS BECAUSE THEY THINK IT IS A $8-$10 STOCK. SOMETHING IS UP.

AND I HAVE TO BE HONEST AND TELL YOU THAT THIS IS COMING FROM ME WHO THOUGHT WE WOULD BE AT $3 6 MONTHS FROM NOW. THE RULES HAVE CHANGED BUT NONE OF US KNOW Y.
Report TOU ViolationShare This Post
 Public ReplyPrvt ReplyMark as Last ReadFilePrevious 10Next 10PreviousNext  

HomeMailHotSubjectMarksPeopleMarksKeepersSettings
Terms Of UseContact UsCopyright/IP PolicyPrivacy PolicyAbout UsFAQAdvertise on SI
© 2025 Knight Sac Media.  Data provided by Twelve Data, Alpha Vantage, and CityFALCON News