Quote:
Originally Posted by HokieWolf
Also, volume is very healthy. What's driving investors to buy today? this afternoon's news? tommorrow's news? Anyone know anything?
Hokie
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This is what happens in almost any stock
good news comes by rumor
people buy on volume
Some people start to cash what they have to make a small profit (which has nothing to do with the company doing good or bad)
Then the average joe that tried to buy in at the high says omg It is dropping let me get out before I lose it all (which would never happen at this time because to many good things are going on)
This causes a domino effect and guy with a million shares or more drives the price down on small small sells of 1000 shares and has his buy orders in for the people selling off really cheap and picks up 50ks at a time knowing damn well this stock is valued at .06
Then the cycle happens again
The problem is that guy that is flipping might get caught holding a very small position when something great comes out like coming off the pinks and he loses alot more then his little flip profits!