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China Information Technology, Inc. Message Board

  • w_nameus w_nameus Mar 9, 2011 10:33 AM Flag

    stops

    Most of the selling today was stop orders taken out. Think about it guys. It opened at 4.25, all stops were most likely taken out between 4.00 or 4.05. With all stops taken out it should rise but wall street is mostly down today. The frist large sell today was for 24,505 that started the downward slide. All those who saw that either sold on fear or short sold.

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    • Who would be silly enough to put in a stop loss order on a stock like this? That is just asking for a bear raid. I saw it happen in real time on a biotech stock AVNR. The bear raid drove the price from $3 to $1.50 right as the FDA approved the drug and a ton of people got stop lossed out and lost their shares, only to see the stock close the day at $5.

 
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