RE:"Sell on the news" is a state of mindThis is the most idiotic statement I have ever read. No wonder you guys are losing so much money. "Weak hands" wtf is that even supposed to mean. If a company is good with a promising future, it goes up. Money doesn't care about your feelings. "Weak hands" haha. You guys are so goofy.
007007Tfm wrote: That has no real foundation in bad news or otherwise. It is a sense that some traders have after good news comes out. Shorts will sell shares into the good news if they think the shares are held by weak hands. Those people will get confused. Arent stocks supposed to go up with good news? That mindset is what the shorts count on. That inconsistancy freeks out the weak hands into thinking something is wrong, so the sheep sell thinking they are following other sheep when they are infact following a short induced selling scare. The scare lasts only a few days usually(the three day rule) and then the bulls take over and the shorts need to cover. What I was saying earlier is that the longs had stopped this mornings shorts by sucking up their shares.