Funkymonk63Non participation at it's best. That's a classic line...

Funkymonk63
Non participation at it's best. That's a classic line LOL
The SM as you say stands back and lets the SP drift towards the rocks. It's unfortunate that the traders never turn their light house on before trading LOL
They would rather see their boat smashed against the rocks and buy another one, read: sell stock at a loss, buy again knowing it will head to their sell price and hopefully beyond.
Fair enough if you're a trader but that decision should have been made long before this point, so 'technically' most aren't traders, they are taking the loss and hoping to make up the loss with the new buy. That is how alot of stocks get screwed in price - the SM 'smells their fear' and desperation!
I sit. Will gladly back up the semi for those who want to drift it to 4.4 and beyond??? And wait for the 'SM' to come to me. Great fundamentals but hopeless TA.