Impressive, isn't it? (...says the guy who is still short his full orginial position from $C3, and watched it go down to 34 cents... ;-)
There were roughly 2x as many buys as sells.
I wonder what you mean by this? Especially on an NYSE (i.e., auction market) stock?
My first reaction is to disregard this sort of analysis since (by definition) a buy cannot happen without a sell (hey, it's trading!).
And if what you actually mean by "buyers" is "the public" (who presumably submit market orders to buy or sell, and hence always buy at the bid or sell at the ask? And who never receive price improvement?), then what about the old saw that "the public is always wrong"? (not that I put too much currency in that one either).
Ahh well, nothing too serious. Good luck to everyone here (and skeptical me sincerely hopes that all the longs will take some or all of their profits, since I "know" this thing must eventually go to zero... ;-)
FWIW, I found it interesting to note that the quoted price on my bonds actually fell a bit, to 45 (it's been stuck at 48 for several weeks now). It wouldn't be the first time in market history that there's a bit of a disconnect between stocks and bonds ;-)
Perhaps this is just Mr. Market's way of telling me to cover my short at a loss, and add more to my losing bond position ;-) Who ever said he didn't have a sense of humour?
- Daniel |
