Re: Looks like we may very well not keep the $1 level today...
in response to
by
posted on
Feb 20, 2014 10:13AM
The implication is that they are sitting on news, which of course is illegal...so either they have no news or they are witholding it because of some PDA agreement which has been speculated here endlessly.
The stock may have been overbought, based on forthcoming news, but the news could be better than anticipated and propel the stock higher still. Sure there are people selling to take some money off the table, happens all the time. But, sellers will always be there, no matter what happens; you can't change that. Someone is always hitting their target and dumping, it's just the way it is.
You can speculate all you want TWG but the fact is that the news will come when it does, and when it does I suspect that this stock is going not a little bit higher, but a lot higher. Only time will tell....