RE:I hope you guys are right For the 100th time they sold because:
They made a profit by getting in early like Donnatal. That started a slide and the shorts took advantage. Then you got the ones that decided to catch a falling knife. They took huge positions with borrowed money and when it fell further they got called. That created more dumping.
They sold for hundreds of reasons,
To buy a car, to purchase a home, to pay kids tuition, to pay off debt or simply to cut their losses.
So STOP worrying so much about the reason why they sell. Just know that the buyers buy for only one reason ... Because they believe it's going up.
If you're not in that camp, get out.
Technical analysis and charting is witchcraft. Fundamental analysis is science.
fdfd12 wrote:
There has been no bad news reported but as a technical analyst, the bad news is
what the chart looks like. It is BROKEN.
I guess no one here knows technical analysis.
To use fundamental and not technical is like using your right hand but not your left.
I use both Technical and Fundamental.
I hope that there is nothing wrong with this stock. One thing I don't believe is that
these guys sold cause they are stupid.
Don't think intelligent people are stupid.
Not at this type of volume. There are more stupid people selling
than there was buying a few months ago.
Jason Doneville hopefully will take a call on this.
Sometimes, when a caller gets screened for the stock, the anaylst that day
can say, I don't want to take the call so the stock never gets mentioned.