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I wholeheartedly agree. As a sports gambler, I snicker at the people who are INTIMIDATED by line moves. Say the Steelers are playing the Packers, and the line goes from Green Bay -3.5 to Green Bay -6.5 (actually happened a few years ago)...for the NFL, this is a fairly large move. I know Pittsburgh backers who got intimidated by the line movement ('someone must know something I don't') and bought back their Steeler wager and took Green Bay -6.5. Well, Pittsburgh got inside the number and they bent over....happens all the time. In the sports arena, MONEY moves lines, and that money is not SMART...it's just money. Most of us are in this stock for the bright prospects that await. Not everyone has the knowledge that we have. I will excuse their ignorance, and pick up cheap shares. To be intimidated would be shameful.....By the way, Dave used the example of RENT to show how an institution could want out. It's happened with some stocks I follow...A company which I would never buy the stock of is called Hollis Eden pharmaceuticals (HEPH). A shareholder dumped 200,000 shares on the market last month and sent the stock price from 14 to 8, I believe. Then it rebounded and is now 11....There hasn't been any news before or since...the party just wanted out, and if you're a believer in any company that is an opportune time to buy. Of course, there's no telling that there are not more shares where those came from, so we could be headed down further. I'll pick up some shares tomorrow, and then wait a couple of days to see where we go. If we go further down, I'll pick up more shares, then wait 2 more days, and so forth. Good luck. |
