GREY:PGDIF - Post by User
Post by
mill44on Jul 12, 2016 3:53pm
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Post# 25045810
A lot of talk
A lot of talkabout how short term traders drive prices down. Trading is the sum of all transactions, be that from flippers or investors. Even if you are a buy and hold person you have to buy in the moment. How many times did we hear Ekim saying that he had a stink bid in during financings? Even if the flippers kill the price, there is a moment when value investors will consider the price irresistible and jump in. Look at IVN today. It was down 10c on heavy volume but it came back up the same way. PGD was met with selling even when the bargain hunters got in. It still did not clear a level that would make everyone a bit more comfortable holding.
It is not the flippers that you should blame. The problem is that not enough people see this level as bargain price.