Post by
poorgrammar on Mar 19, 2014 2:36pm
Shatner & Nike / Dreaddog
Shat/nike i respect your feed back. I agree, this play do have big potential but the money i'm playing with is my trading money. 'cause all my investment $$ is tied up at the moment. I didn't think it was going to drop like a rock. Dread may have seen this before. I'm starting to think all the buy after 23.5 on monday was short covering. Usually this becomes the outcome when short cover. High one day then back to the base the next day. I pulled out at 24c could wait until the day end. But will buy back with investment money if they are offering shares at this rate as soon my long term $ becomes available
Comment by
demarko on Mar 19, 2014 2:45pm
Yup, bids are drying up also.
Comment by
tommycullins on Mar 19, 2014 2:45pm
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Comment by
ShatnersRug on Mar 19, 2014 3:03pm
Short position leading up to Monday sat at 4000000 shares. Volume on Monday was 16mil. 10mil yesterday. Dunno how much of a role shorts played in the runup. Crazy how ONE analyst's recommendation can tank a stock.
Comment by
bigkagan on Mar 19, 2014 3:23pm
investors sometime ignore analysts - look at FTP, it has all around negative ratings but has risen in the past week
Comment by
nikehercules on Mar 19, 2014 3:29pm
Know your limits, and play within it! All i can say is be careful with STP. If STP represents a large portion of one's net worth, it will be difficult sleeping at night. This is a schizophrenic little stock filled with promise and peril. Best of luck.