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El, The good news is that there is still a lot of buying interest out there or this stock would probably be in the teens. So the buying bias is keeping us from slipping further. Unfortunately there are a few more sellers out there. So the buyers keep asking for a lower price to get a better deal. The past few weeks, most days are more balanced with buyers and sellers. Institutional interest is about 2 or three times more buying interest than selling with 50% or less of total market. Today it is 5:1 with about 2/3 of the market. So on good days I report the increased buying interest. Half of the fall has occurred due to bad news, we woke up the next trading day and we found ourselves on a lower floor. The rest of the loss, the buyers are bidding down the price. The more buyers over time, this trend should reverse. Nothing profound here, the buying interest is part of the curse, since each buyer is trying to better the last buyer by getting a better price. With so many buyers around and lots of sellers to provide the stock the stock drops. If the sellers drew the line and said this stock is worth every bit of $35 and refused to sell lower, then we would be at $35. Right? In today's bull market, a lot of people on this tread say, I'll take my losses here and make it up on another stock. So everytime that happens the stock goes down. Is the stock worth less? I do not see it that way. However, if I want to sell it all I can get now is about $22. In 3 or 4 months, based on previous performance, IMHO we will be sporting better numbers. |
