Post by
jd43xl on Feb 21, 2014 9:43am
Some selling
Some selling this morning, probably on disappointment we haven't heard about the offer yet. And someone took advantage of that disappointment, put up a big ask at $5 on the open, and spooked some weak hands into selling. The oldest trick in the book. But the share price is already coming back.
Comment by
itsalie on Feb 21, 2014 9:58am
the problem with stocks is you can quote the fundamentals until you are blue in the face.. but that doesn't mean squat.. its what the market will bear.. advantage dumped it.. the previous buyer pulled out.. not trying to be negeative but it is what is .. and right now its under 5 bucks..
Comment by
itsalie on Feb 21, 2014 11:06am
agreed, but sometimes you go down with the ship standing by your fundamentals, buying on all the dips etc.. take a look at DM.. all you hear on that board is what giant deposit they are sitting on.. buy buy buy. how the market perceives the stock trumps fundamentals every time.. for a more dramic example, look at twitter. the market says its worth 30billion..
Comment by
bshort92 on Feb 21, 2014 11:50am
I hope all shareholders prosper on the eventual outcome. Just wanted to point out the counter intuitive as to the process that has been occurring.