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.
Microcap & Penny Stocks : ProNetLink..(PNLK) -- Ignore unavailable to you. Want to Upgrade?


To: TokyoMex who wrote (1284)4/30/1998 7:03:00 AM
From: ztect  Respond to of 8242
 
Tmex:

Ohayo gozamasu!

Again you are right are target with your insights!

You put into words exactly what I was thinking.

The open ask yesterday was nearly 20% the previous day's close. This largely accounted for the sell off for the reason you stated ...i.e profit taking, and the other that was pretty obvious.

All the day traders who bought in during the first half hour on hype alone (the previous day run up) saw the stock go down, didn't do any DD, and just thought that this was just another pump and dump. Consequently at the end of the day they saw their investment go from 5.5 to 3.75 or about a 32% loss. Whereas those who have been doing their DD either took a nice profit (and are going to buy back in) or lost only 16% of a two or three hundred percent gain.

You are right the BB is volatile. Plus it isn't for the weak of heart especially those with weak hearts who just follow.

Anyway, hope you have a great day...financially and otherwise

ztect

BTW- Glad to see you back on the ALYA thread. Totally different play over there, but certainly another winner.