Dan and all,
As we watch the price of MOOR swoon into the forties, do you get that feeling of deja vu? Only this time there's no earthly reason for the decline - that we know about.
If any of us out there, intent on bottom fishing, are waiting for the right moment, I believe we can collectively make that moment. If we all (whoever is interested) put in a bid at the same price, say 40 cents, if the bid volume is big enough, I can't see the market makers playing through at this time of year. There is little profit left to be taken from the last dip down past these levels and tax sales are mostly a done deal. If the MMs sell to us, who is there left to buy back from?
If the MMs back off from the .40 level, we might not get our averaged down stock, but most of us are averaging down only because of the drop in price anyway. I wonder if MOOR has enough of a following to create market pressure. Just a thought. Of course, if I'm wrong, we'll probably see 15 cents. Oh my!
Will be out of touch until the second week in January. Everybody enjoy the holiday season - remember, think long term - we can't lose unless we sell! Eat, drink and be merry!
Bill |
