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Biotech / Medical : SAFESKIN -- Ignore unavailable to you. Want to Upgrade?


To: Suma who wrote (735)3/20/1999 3:12:00 PM
From: Apple12  Read Replies (2) | Respond to of 828
 
Suma this and many other stocks that get whacked with bad news always come back. Well unless they are in bankruptcy or outright fraud was committed. I do not think that is the case here.

What is happening now is Market Makers are shaking out the weak hands. They will keep the price low go lower just to have people give in. Once all the limit orders are gobbled up and the selling dries up they will start to bring the stock up again not before. Why should they if they can steal $7 shares from all the people fed up or just tired of this stock. So I refuse to give my shares away at this level. I will wait it out eventually we will be back in the money!