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Sport Chalet Inc. Message Board

  • o08o.ugh64w o08o.ugh64w Feb 20, 2014 12:13 PM Flag

    Joke of the day

    For those who do not believe that painting the tape is a real thing, have a look at the only trade of the day thus far:

    $1.15 ... 1 ... NDD ... 09:37:37

    If you don't understand how to read that, it says that someone sold 1 single share for $1.15 this morning.

    You think they were scared that the bottom would fall out of the stock and they might lose their $1.15? Or maybe they just want the last trade to print at $1.15 down from $1.16?

    What it means is that this person:

    1. Is short and is trying to make you believe the stock wants to go lower

    2. Someone who wants to buy shares at a lower price, tries to prime the pump and make you sell to him at a lower price

    Either way, the only reason somebody would sell one single share (when the bid is sitting there at the same price) is that the person is afraid the shares will move higher and not lower - having seen some trades yesterday at $1.18 - he has good reason to be afraid, because when the shares move higher, they are going back to $1.75.

 
SPCHA
1.19010.0000(0.00%)Aug 19 3:45 PMEDT

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