Post by
NUCLEAR on Mar 07, 2013 5:13pm
Late to the Party
can someone tell me why the AMW SP dropped like a stone on Monday on apparently no negative news? Was there something I missed?
Comment by
Tinmann on Mar 07, 2013 5:50pm
One seller pushed the price down through aggressive selling. It could have been warrants, it could have been forced selling, but it was very odd. Nervous nellies piled on, and then technical traders took it the rest of the way to fill the gap in the chart at 2.87. It created a great opportunity for those who see the potential.
Comment by
Campin on Mar 07, 2013 5:52pm
Warrents, shorting, little insider selling and probably a lack of expected news spooked investors... Essentially smoke and mirrors, don't lose sight of the fundamentals...
Comment by
NUCLEAR on Mar 07, 2013 6:12pm
Thanks for info guys. l'm happy to see no neg news was to blame. I'm a bit ticked off that I had just recently picked up shares last week in the mid $3 range. unfortunately, I wasn't in a position to average down on Monday which I'm really regretting now.