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PetSmart, Inc. Message Board

  • thurman_shane thurman_shane Mar 7, 2013 12:05 AM Flag

    Don't wait the usual 2 days to buy, you will miss it

    Bounced off of $60 in AH, finished at $62, buying will continue tomorrow

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    • The reason it is dangerous to do what you are espousing is that (usually) heavy selling is followed by more selling not necessarily the same percent. The bigger owners can only sell so much in a day - so they meter it out over (sometimes) five days. I have been burned on this a few times. But, I agree this stock should not go that way, it is solid and I have owned it since 2000 when it was 3/share. It is volatile right now and will be for the rest of today at least. My #$%$ is with the perpetrators of the drop, this stock will come back no doubt, but what about the people that were scared off and sold? The are out cash and there is no reason to sell except they were scared off by the officers of the company and the analyst who downgraded them. By the way, other analysts have upgraded them as well. It makes no sense in a market like this. Thanks for your post. This is market manipulation and while it makes the smart buyers money it shakes out the average investor.

    • bouncing back to 60 premarket

 
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