RE:RE:RE:RE:get ready for possible late-day dumpsorry, but I think you do not understand what I'm saying, or the concept of placing a bid lower then the current market price (in hopes of picking up some during a pullback)...
??????????..
Snowdrift wrote: Boy, do I hate that idea!! I think a lot of investors don't come to the bullboards. If they were to suddenly see their stock go down to $3.60 - $3.80, I think they could easily panic and sell. So next thing you know, our stock starts spiraling down. I sure as hell don't want to see that happen, and I presume the rest of you don't either.
Snowdrift
sandysouci wrote: why not a stink bid???...
I see no reason not to have a modest-size open order to BUY some shares at say $3.60-3.80 area... you never know when there might be an unexpected but very brief air pocket (and there have been)... of course, you have to believe solidly in the underying company/shares...
therealmccoy wrote: I don't think it's wise to put in some "stink bids", the markets are volatile enough in general and "stink bids"/stop losses can get triggered quite easily. Stocks like PyroGenesis and HPQ Silicon are ones you buy and hold for the future. Both are long term holds that will pay off in spades.
I wouldn't put in stink bids nor use stop losses for either of these companies.
sandysouci wrote: just like yesterday, when we had the sudden appearance of sell orders with minutes to the close... they managed to (very briefly) drop it to as low as $3.86, than snapped up all the shares in that range, and stock surged back up -- all super quickly...
hey, might not hurt to place some "stink bids" around the $3.85 zone, and ride the coattails of someone able to do that???...
a similar thing happened to HPQ severl days back...
anyway, expect it, and EMBRACE IT!!!...