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Jinpan International Limited Message Board

  • djchappe10 djchappe10 Feb 20, 2004 12:59 PM Flag

    Was that huge spike today a buy? eom

    df

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    • Thanks for a thoughtful response. BTW for those of us holding, the action of the past week (and today) truly sucks. But this is an excellent time to open a postion or add. Good luck all.

    • Obviously a buy & sell it takes two. You have to remember that the specialist will group buys and sells together and then it appears to be a block sale. But obviously there has to be an equal number of buyers and sellers to consumate a trade. FWIW, this stock seems to be headed for the basement, for what reason I have no idea. The total lack of shares moving is indicative of a disaster in the making. IMO

      • 2 Replies to generatorking
      • <this stock seems to be headed for the basement, for what reason I have no idea. The total lack of shares moving is indicative of a disaster in the making. IMO>

        If you really believe that, then you must not have been watching this stock for very long. This is typical low volume consolidation/volatility for this stock. Don't take my word for it, check out the volume history for yourself. And just when you think you've got this thing figured out, they'll go and announce something like a big dividend, or a huge expansion in production capacity or guide up on earnings (all things that have happened) and you'll be left standing there, mouth open, tongue hanging out, looking at a 25% one-week gain. The only disaster in the making with this one is if you're short. Buy the dips and you'll be rewarded. Good luck.

 
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