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Strategies & Market Trends : The Ego Forum -- Ignore unavailable to you. Want to Upgrade?

To: No Mo Mo who wrote (9607)	3/3/2011 11:00:14 AM
From: hubris33	Respond to of 12175

>>>Some big holders scrambling to get out of NAI today?<<< Looks to me like the normal cycle of a speculative Jr miner stocks - takes a while for the news to disseminate. Prolly a bunch of people got a shock when they fired up their PFs last night, couldn't sleep and cut the pain off today by selling. Question is - when do we run out of a pool of sellers? The other risk is that the price drifts lower due to a lack of buyers, the pain of holding forces continued selling. The real danger is that some genius dumps a HUGE order in to the market as a 'sell at market.' That could trigger further stops and cause cascade selling once again. Prospects for positive news seem limited in the near term, so this becomes a LT play. But hey, if one wants to change the fortunes of NAI, just dump a MARKET BUY order on the tape for $100,000 worth of shares.... <g> H3