Fear and Greed!
Funny how MMs are trying to tap into these 2 basic emotions which are indeed the underpinnings of the stock market in an effort (vain effort?) to get shares from investors (From my personal experience as well as from other investors on this thread, it is a FACT, not an assumption, that we ALl were having problems buying shares from MMs yesterday).They would try to lower the bid to create FEAR and shake out weak hands and induce some selling; when that is not too successful (as proven by the fact that we could not buy enough shares), they then try to play on GREED by moving the bid up to induce more selling. So far, that strategy has not worked too well either!!!
In fact, I would like to buy even MORE shares on Monday before Mr. Chin comes back from NY (see how fast the announcement comes out after his Indonesia trip!) and before the announcements of pending news. So, to all short term players who are satisfied with their winnings so far, PLEASE SELL!!! The INVESTORS would actually appreciate your largess. Remember, you can NEVER get a 10-20 bagger (!!!) if you are satisfied with 50-100% wins!!! BTW, if you think that you can sell and then try to get back in on weakness, by all means , do try. I suspect that may be difficult to achieve as new investors move in at the higher price to lock up the relatively small float. Furthermore, my impression is that we should not be fooled when MMs lower the bid and ask to induce FEAR and selling. That "low"ask price is only an illusion since even if you place an order to buy at that ask price, MMs may not have any meaningful amount of shares to give to you. So, be careful about giving up the shares that you have in your hands now. As I mentioned previously, I bought a large chunk at 1.53, the high for the day, and I actually am very happy and am looking to buy more!!!
Did you notice the bid went all the way up to 1.50 at the end of the day? This occurs on a Friday afternoon, when people, particularly DAY TRADERS, are usually taking money OFF the table for the weekend!Once again, a harbinger of things to come!!! I am sure I speak for many on this thread when I say.....CAN'T WAIT FOR THE NEW WEEK TO START!!!
In my opinion, this is not HYPING the stock. I am an investor who happens to own a lot of shares (and I want to get more) and who happens to be BULLISH on DGIV future prospects!!! |
