You guys keep refering to UBS stopping us from going higher at 14.60 14.45 or whatever the price happens to be on that run up.
The first reaction is they are selling and/or shorting, stopping us from breaking through that level. One of the secrets they use, is the trick of illusion...Making you think one thing, and they are doing exactly the opposite...they flash sell orders in size, to hold down the price, all the while, they are buying the shares from those who are frustrated and sell each time it fails...all the while building up a sizable position for themselves or a client at a specific price level. This action could go on for days...weeks...Its called accumulation.....They dont want to accumulate at higher prices.....they have an order at these price levels....and they want very much, to fill that entire order to keep that customer coming back the next time....so, lets talk about them holding the price down, in a more positive manner. Those who are patient, and dont sweat every 1-2% move this stock makes, will be the winners at the end. if your looking for an instant winner, this maight not be the right stock right now. JMHI
Good luck to all!!
I truly appreciate the insight you have given here remodel0617
Everything I have read here in the last week, has been filled with bashers on both sides..."its going to 10" or "this will open above 30 on a buyout". I thank you for sharing some valuable information with those of us, who's judgements are clouded by the price level we got in at. I for one, am under water here, by 1 1/2 points, but wont be pressured into dumping out of frustration. Thank you
Keep in mind one other thing going on here today.....UBSS is also supporting the bid at these levels as well as holding the ask down, not allowing it to trade very far in either direction....in a few days, the volume will evaporate here, and everyone will have moved to the next stock...while someone has a large order filled, at bargain prices... once those orders are all filled, UBSS will disappear...along with all the short term traders....then one day, this will gap up past these levels, and no one will be watching, except the ones who exercised patience.
So, the choice is simple here...Join UBSS in buying each dip, and accumulating at these low levels, or leave the position, for something a little more satisfying in the short run.....however, the short term trades, are generally the ones that end up biting you in the tail in the long run
That's exactly what they're doing. A much better explanation than what I provided earlier today. I like to refer to it as a "road block". It forces the day traders to close our their trades at a price that UBS finds acceptable.
If everyone would just forget they own STEC shares for now and come back in January, you will all see the stock price at much higher levels and you will all be VERY happy that you didn't sell during all this manipulation by the professionals!