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Tuscany International Drilling Inc T.TID



TSX:TID - Post by User

Post by Poppson Apr 05, 2013 3:48pm
207 Views
Post# 21217819

Stop Loss orders are probably the culprit

Stop Loss orders are probably the culprit

Short-term traders buying "on the cheap" trying to pick a bottom and  get a quick 10% pop (1 or 1.5 pennies at stock price of  0.10-0.15) are likely protecting with a stop loss @ 5-10% lower than their entry price.  Stock price goes from 0.12 to 0.11 and an avalanche of sellng ensues.   HANG  IN  THERE.  Walter didn't buy at 0.12 in order to sell at 0.9.  With all the buying you see listed on this bullboard, I doubt selling is coming from investors, but bandits who caused their own misery.  Good, wash 'em out and let us buy at a bargain.   I bought more today.   Regards,  Popps

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