I have had a chance to really read some of the posts that I missed yesterday. First of all, I think some people are missing the boat when it comes to stop transfers.
If this stop transfer goes through, somebody will be required to buy back any shares that were traded, and then deemed "stopped" by the SEC. Since we can't wind back the clock to the day "it" allegedly happened, "whoever" it is that is forced to buy back the shares will have to buy them at current market value.
This would make it perfectly sensible for one who is thinking they may have to cover to want to tank the price of the stock, so that they can buy the shares back as painlessly as possible.
For me personally, it makes more sense to wait it out. I am already showing a sizeable loss here. Sure, I could sell my shares at a loss and go on to the next stock. However, what would the point be in doing that, when I can hold onto it with, imo, minimal risk of additional loss, (I say that because it is my personal opinion that we are at the bottom now), but the potential to go much much higher if someone is forced to buy back a large number of shares.
This is just my opinion, and people should trade the way they want.
As for the emotional name calling on the board yesterday, my only comment to that is that people tend to show their true colors when stressful situations arise. I was really surprised at some of the folks here. I am not judging anyone, and I certainly don't expect anyone here to care about my opinion of them. I am just glad that it is only money at stake, and that we are not soldiers in a foxhole depending on each other, or else some of us would be dead.
Just my opinion,
Binder
:-) |
