someone is buying, page-8

"Someone's buying supporting the price...

Sally,

FWIW this may be of inerest.....

i'm not saying it's the case - who really knows but it may clear a few things up in relation to your initial post....




The first secret to learn in trading successfully (as opposed to investing), is to forget about the intrinsic value of a stock, or any other instrument.
What you need to be concerned with is its perceived value -its value to professional traders, not the value it represents as an interest in a company. The intrinsic value is only a component of perceived value.
This is a contradiction that undoubtedly mystifies the directors of strong companies with a weak stock! From now on, remember that it is the perceived value which is reflected in the price of a stock, and not, as you might expect, its intrinsic value. We shall return to this later, when looking at the subject of stock selection.


Urban Myths You Should Ignore
There are frequent quotes on supply and demand seen in magazines and newspapers, many of which are unintentionally misleading. Two common ones run along these lines.

• "For every buyer there has to be a seller"
• "All that is needed to make a market is two traders willing to trade at the correct price"

These statements sound so logical and straightforward that you might read them and accept them immediately at face value, without ever thinking about the logical implications! You are left with the impression that the market is a very straightforward affair, like a genuine open auction at Sotheby's perhaps. However, these are in fact very misleading statements.
Yes, you may be buying today and somebody may be willing to sell to you. However, you might be buying only a small part of large blocks of sell orders that may have been on the market-makers' books, sitting there, well before you arrived on the scene. These sell orders are stock waiting to be distributed at certain price levels and not lower.

rest is here