Rapid Run-up a No-brainer
CREAF has about 90,000,000 outstanding shares and averages over 1,300,000 shares/day (in contrast Toronto Dominion, TD - owns Waterhouse Securities - has 300,000,000 outstanding shares and averages less than 30,000 shares/day). CREAF is a haven for short term investors. Short term investors will buy today if they think they can sell tomorrow for a higher price. Also, they will sell today if they think they can buy tomorrow for a lower price.
The global dissemination of information because of the internet, plus the minuscule cost of trading, has hyped this rapid response to perceived cues because the last to board the elevator, up or down, pays the ticket.. The opinions expressed on this forum, and others, have a huge effect. These opinions quickly become conventional wisdom. As CREAF wafted down to 18 1/2 wasn't everyone waiting for CREAF to hit bottom and bolt back up? That's exactly what it did.
We didn't really surprise ourselves, did we?
Best of luck,
Steve
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