yeah that was nuts. stood there with my mouth open through out the whole thing going heh? i heard russel index is supposed to sell at a 15% discount or something like that.
yeah that was nuts. stood there with my mouth open through out the whole thing going heh? i heard russel index is supposed to sell at a 15% discount or something like that.
someone just dumped to take profit.....only explanation. It'll be back up.
Now, that is what I call manipulation ... How many stops did it hit ?
not a smart decision to have stops @ around this price range.... IMO
what's your explanation? please don't say manipulation again. Jeez. I mean, perhaps it is, but, why is profit taking not a serious possiblity? That's exactly what happens when someone sells a lot of stock to take profit. The value drops as the order fills up until the lowest sale price the seller will accept. I really don't see why this price drop is attributed to manipulation without any thought that market forces could have been in play. JMHO.
lol That's weird alright. And what got me was the volume! I was watching it at 3:50 pm and thinking to myself that it would be a little over 100 million shares traded today, and then BOOM!, twice that many shares in a couple minutes!?!? Well, that's SIRI for ya! Looks like another gap opening up Monday morning unless it drops before then.
I sold my entire position at .45 earlier in the day and bought back at .4005 with a .41 bid AON (didn't think it would hit, then bought, hit and closed at .36 on my etrade, but really at .44 - .45.) I sweated it out all day thinking it could close at .50, but all that volume around .46 was the shorts loading up so the MM's could drop the hammer and pull it into the high .30's so they could get some back or cover their short positions.
That was a scam, but I somehow I took advantage of it - who knows I could have been a split second from picking mine up in the .30's.
I guess that was the rebalancing.
Even Yahoo shows close of .36, up .09 after hours at .43.
My sell in after hours at .48 just in case some crazy pop.
I hope others got as lucky as me & didn't get washed out with a stop order - that's why I won't use them with this stock.
3:55-4:00PM in the 5min prior to trading ending i see 30.6MM shares traded in the range of .44 to .31...
3:50-3:55 in the 5min prior to the last 5 min of trading today, i see 21.69MM shares between .4617 to .4290.....
20mm just went through at .36 right after 7 mil at .44, still huge huge volujke going on here