Maritime Launch Services Inc V.JFC

Fun & Games

[jerrio78]

Over the years I have been in a lot of similar stories and it seems like the more manipulation to get traders out the bigger the asset coming in. 15-20 years ago I might have watched this sell down and thought about selling some of my shares too, in case it was going lower. Now I see this for what it is. The stock was sold down on market orders when there were no support bids. If these sellers really wanted out they would have taken 78-80 cents yesterday. The guys who started the selling were the buyers at the bottom of the smack down so this strategy still seems to work on some retail traders. I don't talk people out of selling. Stocks need to churn to grind higher. If you sold today congrats on making money, we are all in this to make money for the next deal that comes around.

if you have been on the fence about buying it looks like someone just handed you an opportunity to buy at a discount.