SI
SI
discoversearch

We've detected that you're using an ad content blocking browser plug-in or feature. Ads provide a critical source of revenue to the continued operation of Silicon Investor.  We ask that you disable ad blocking while on Silicon Investor in the best interests of our community.  If you are not using an ad blocker but are still receiving this message, make sure your browser's tracking protection is set to the 'standard' level.
Gold/Mining/Energy : Westfort Energy Ltd. (WT-T)
WT 11.66-1.9%Nov 6 3:59 PM EST
 Public ReplyPrvt ReplyMark as Last ReadFilePrevious 10Next 10PreviousNext  
To: Tom Drolet who wrote (1126)9/23/1998 6:49:00 PM
From: bill  Read Replies (2) of 1288
 
Nope, don't have a short term view for a long term company, rather
a short term view for a short term event. What happened is
insignificant as far the the company or share price for the
future. Sucker rallies usually happen when there are quite a
few people following a stock who believe that something good is
going tohappen and don't want to miss out on the move. Therefore,
when a little action starts, they jump in whereas with other
stocks the little action would stay little action. I've watched
this with a number of stocks over the years. Think of it like
hunting teal in the marsh. Everybody's geared up for the teal
to come in low, fast and gone so they're ready to shoot the
second they see something moving. As opposed to a bunch of
people sitting aroundon the beach,not hyped up watchingbirds
fly by. If no one thought this stock was going to move, there'd
be no quick rallies and fall backs like that. Can't blamethe
buyers and the sellers. With the market the way it's been, people
have been burned so often they need to get in and then out fast
if a rally isn't confirmed. It's a tough market to day trade
compared to a year ago. Got to be a good shot to take down teal.
Even a crappy shot can knock off a lumbering mallard.
Report TOU ViolationShare This Post
 Public ReplyPrvt ReplyMark as Last ReadFilePrevious 10Next 10PreviousNext  

HomeMailHotSubjectMarksPeopleMarksKeepersSettings
Terms Of UseContact UsCopyright/IP PolicyPrivacy PolicyAbout UsFAQAdvertise on SI
© 2025 Knight Sac Media.  Data provided by Twelve Data, Alpha Vantage, and CityFALCON News