RE: Selling & buying/psyop
posted on
Apr 13, 2006 07:39AM
The chart has been bad for several weeks. We came close to meltdown before the dividend news was announced. Rally attempts have been very feeble on declining volume. I actually sold into yesterday`s rally in order to raise money for taxes. I`m sure others did too. I don`t know if this is the bottom. We need news to give people a reason to buy. I believe most of us true believers are tapped out. Hence, we need new buyers and that will require news on the contract front. Possibly anticipation of news before the SHM will curb the drop but that may have been discounted already.