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Message: Re: Closed at the High of the Day! (cardinal)
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Jun 26, 2009 08:01PM

I agree with you when you stated it would have been more positive to have closed on a higher bid. But will disagree with it is too easy to pile up bids that have no chance of getting filled, these are my reasons! 1. at any time one investor could easily place an order to sell 100, 150 , 200 thousand at Market price & hit the price down to 60cents. 2.. the lower or piled bids are very important for a base & can easily give a feeling of comfort for a buyer showing there is support below. 3..These lower bids can always be raised higher if they want to get a fill. imo... Look forward to your next post. P.s. I feel you are doing the right thing in giving The management team your Trust & support & patience . sbjc

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