OTCPK:WSRLF - Post by User
Comment by
miner49er62on Feb 20, 2010 1:20pm
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Post# 16803069
RE: RE: boy, the bashers are scared
RE: RE: boy, the bashers are scaredThe nice thing about being long and investing Schill is that you don't have to be right everyday, you just have to be right on the day you decide to sell to make money. A short or a day trader has to be right everyday or they either lose money or become an investor. With that pressure they will sometimes employ various tactics to pull the stock price to them if it doesn't happen on its own accord. One tactic is to pile up the offers to make it look like the stock is top heavy and maybe some naive guy will lose his or her nerve and sell "while they can". There are tons of psychological games that they will play to make a buck a day, including hitting the boards and bashing. These are the parasites. Other "good " day traders just play the legitimate share price on swings and watch their screens while using all their analysis tools.
I don't see insitutional buying per se but only some footprints I have noticed. Many times over the past two weeks, I have watched the offers pile higher on WZR and the bids stay the same. Then suddenly the offers are gone, the bids stay the same and the trades print in the volume column. Institutional buyers often don't show bids, they wait for some volume offers and just take them. It can catch daytraders who are trying to give the market a false top heavy look. They don't necessarily want to sell the offers they post, just make it look weak. That is one trap they can be caught in. I watched anon trading us quite heavily until the stock ran up two weeks back and then anon dissappeared. I personally assume anon got caught. This past week, anon has showed up in tiny bits and pieces very tentatively.
The "institutional" buying I "detect" here is a slow and methodical accumulation but that is only my opinion from the trading patterns that I have observed. As I said, it is not yet aggressive but appears that they may be building their positions. Retail buying tends to be more choppy and spikey as people rush in to get on board.
Just my observations based on years of watching these things. More food for thought are the insiders. There is literally no insider selling. Good signal for all longs.
Please don't take this post as a complete and comprehensive explanation or guide to trading, it is only a thumbnail sketch of some market observations. AND I COULD BE WRONG, but I personally have been using this info to add to my position, slowly.