posted on
Apr 23, 2008 03:37PM
So you are saying that simply 'technical traders' had THAT big an impact? ... from a pps of 1.6 to 2.8, settling at 2.4 and waning to here? I'm not saying you are incorrect, I guess just a bit surprised ... I take it these are these institutional technical traders doing this? In December '07 it dropped to 1.9 (assummed year end tax loss selling and retail disappointment/ capitulation) then got back to ~2.6 (recovery), then the 2.1 equity offering yata, yata, yata ... so that stuck me as readily explainable.