XIDE sell off | Stock Discussion Forums

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Technology Stocks
XIDE sell off

An SI Board Since February 2012

Posts	SubjectMarks	Bans	Symbol
0	1	0	XIDE

Emcee: sgunderbarth	Type: Moderated

Introduction Market Data Compact

My theory for yet another epic, very quick drop, is the effect of stops. This ticker is traded just low enough to attract a low equity day trader. Also, there's a large piece to this market cap that is traded short-term. My point being, this stock is day traded, a lot of stops are used.

This morning, it opened low enough to trigger a 10% drop from a purchase of 3.55 pps. And this is after it climbed to 4.15 earlier this week.

Sentiment: I'm not taking the loss at the moment. Let me know if I'm crazy. And of course, there are factors other than my goofy theory to these drops in XIDE.

Thanks for any input.

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