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Your 100 % right Mitch, the MM's are having a field day on this one, and are getting rich doing it, but it'sgonna bite them in the u know where, when this takes off. This stock has strong fundamentals, and with all the aquisitions going on and big news coming out, thy are playing on emotion sellers and winning. We have people on this thread who are in this stock from a nickel a share to 79 cents a share. Now if u check the last 5 days of trading we have had at least a 10 cent spread eatch day between high of the day and low of the day. Now where emotional players come, u have a person, who we will say bought 25000 at 49, and is expexting it to go to 1.50 a share, so he holds, and as the stock moves up and he checks his portfolio and it shows an 8,000 profit for the day he is a real happycamper, cause he just bought that stock a week ago, but then it starts heading down and he has a diliema, does he sell now for a 6 thousand sure profit( cause hes already lost 2 grand on the downward move) or should he hold till it goes back up again till he gets to his buck fifty target or at least the 2 grand he just lost. Now while he his developing an ulcer over this the stock go's down and he's down another 2 grand, so thats it, he can't take it no more, but he is still ahead so he holds. The next day it's goes down and now instead of being 8 grand richer, he is a thousand in the hole. Now what does'nt enter his mind is that in a couple of days the stock will start heading back up, because it has a lot followers and a strong foundation, nope in his mind he has lost 9 thousand dollars even though he is only really out 1 thousand, but thats enough for him, the only thing in his mind is that negative sign on his portfolio and that the number could get bigger, so he dumps his shares for the thousand dollar loss, but he still thinks this is a good co., so in his mind he decides that he will wait out this downtrend on the sidelines, till it starts its upward trend again then when he is sure it's headed to its $1.50 price, he jumps back in at say 75 cents, it goes to 78, then it begins its MMinduced downward trend again and the whole vicious cycle begins again, and when it finally does reach it's 1.50 a share price that he knew it would, he's on the sidelines, because the MM's are having a party on his money, Morale of this, don't trade on emotions,because murphys law will get u everytime, u can't make any money on the rally if u don't own any stock. and no matter how low a stock will go u have'nt lost anything till u sell....stay strong people this compant is a strong company, and lets try and catch the MM's with millions of shorts and no way out....Ken M |
