Post by
NotFreddie on May 22, 2015 3:09pm
Slyce (V.SLC) slightly down today
Seems shorters have driven down price, taking profits and then hoping to re-enter at lower price. No other reason for price not to sustain and exceed $0.61.
Comment by
MuadDib on May 22, 2015 3:20pm
Bruce Campbell did say that SLC is a "steal" at these prices. One down day after a few up days ain't so bad. GLTA
Comment by
NotFreddie on May 22, 2015 3:29pm
I agree. On Fridays markets usually give back. Day traders liquidating for the weekend, driving down prices. Then re-enter, hopefully at lower price. I'm staying the course, actually increased my position.
Comment by
teevee on May 22, 2015 3:45pm
wrong. underwriters have unloaded their paper well above $.46 and will now move on to next deal. Volume and price will fall dramatically......show me the money
Comment by
NotFreddie on May 22, 2015 3:56pm
I agree, since I was inferring the same. i.e. in this case I believe the underwriters are the the shorters, since I've seen this type of manipulation before.