Only one reason to buy... but 1000 reasons
in response to
by
posted on
Jan 22, 2011 06:27PM
Every investors buy a stock for 1 reason and 1 reason only.... because they think it is going up in value.
Onm the sell side there are a 1000 reasons.... rent payment, mortgage payment, lunch , dinner WTF all of the above and 100 other reasons.
That is why the share price is slowly droping down..... everyone who owns the stock is influenced by the market and their own reasons to sell some stock.
That is what the market maker is doing.... testing your resolve to hold pat, buy more or sell on fear..... judging the comments on this board he is impacting you!
Such a simple jesture with such a broadbased impact.... siple to correct though.... if you think it,s worth $5.00 or $6.00 why arn't we all buying the stock ... and why are some selling. He has accomplished his task via the constantly testing the market.
Question is who is behind this and why?
JMHO