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Strategies & Market Trends : Anthony @ Equity Investigations, Dear Anthony,

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To: Katelew who wrote (30378)4/15/1999 11:24:00 AM
From: If only I'd held  Read Replies (2) of 122087
 
IMCL, yesterday there was a big spike in buying and it ran to 19-7/8. Someone posted the room that hit it yesterday I beleive. Anyway, there were some that got out at the top and some that bought at the top. Naturally, the ones that bought at the top got a little nervous, since they were probably buying something they knew nothing about. So when the price starts dropping back, they panic and sell at a loss. When the panic is all over and the last of the un-informed wimps have given in and sold their stock back to the informed, they figure out what they had and by the time they get back around to buying it, they are buying it back at a higher price than they sold. Hope that helps
Happens all day, every day. That's what the market is all about. Happening in PTEK right now, as I type this
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