SPX 10.0% 1.1¢ spenda limited

What interests me is the fact that there were tens of millions...

  1. 1,335 Posts.
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    What interests me is the fact that there were tens of millions of shares bought between .12 and eventually .20......now either those people or funds or whatever the hell they are will be very sad at the closing price, or (my guess) they kept dumping lesser volumes mid-day and drove the price down. My guess is that they will scoop up more tomorrow after the open. Those folks who are satisfied with .14 or .15 is what they will be hunting. Me? Bought low and will hold. I see no reason to sell now. Of course I thought I should sell when the % gain was 100 as I knew it wouldn't hold there. But to play around is short-term silliness. Now that it's entered the teens, I think gains of a cent or two in a much more patient manner is what will happen next - until the next ann - and what was that I heard about a merger? Is it true? Cheers and congrats to all who still hold. MG
 
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