RE:well we got smacked in the mouthI couldn't have said it better than myself.
Well done Buckshot.
Buckshot26 wrote: days like this are pretty much as tough as they get. fwiw, it looks like a bear raid (a move done to either profit on the short side or to free up shares from weak hands). We know this as there was only one big seller Anonymous #1 who sold 458k shs net. If investors were selling we would see it in the net house summary and we don't.
So either someone high up found out something bad coming down the pipe and went to town OR and much more likely, some group got opportunistic under the cover of the Barron's piece over the weekend and a lack of sector or company specific news to do a raid.
Getting smacked in the mouth like this is never fun. Now is the time when you look at what you own and go over the pro's and cons of why you own it. If you believe as I do that nothing has changed you ride it out or take the opportunity to add. If the panic sets in and starts to ruin your quality of life you sell. Making money on the mkt is not easy.
Let's hope for brighter skies tomorrow or a nice big fat NR from Bruce and the gang. We should get word from Nasdaq sooner than later, earning in about a month which I believe will show our first $25m qtr and the senate vote in 2 months. Future looks bright to me.