to add to Larry's wise remarks:
- the market is often wronge. (anyone living through the nasdaq ten years ago, as it reached 5000 points certainly understands this: today the nasdaq remains well under half that @ 2000.)
- as traders anticipate NEWS, they await the self-fullfilling prophicy of a sell off upon news, making a fall in share price inevitable. (this pattern has been repeted so often over many years: when are such traders finally going to get it: they complain about the sell-off on news and yet it is their very activity that causes the selloff--- not the overall fundamentals--- and in fact, not even the underlying market over time.
well, thanks to all the short term traders wanting to make a quick buck.... i love you guys.
i bought few hundred thousand shares today as well.... (after selling a few hundred at 90 cents.)
hey... i guess that makes me a trader too ...but i am fundamentally i long term investor, i just can't help taking advantage of short term traders periodically
cheers ....danny