I just extended my opinion on the impact on VOXX
if they are added to the Russell 3000. Dolphini
actually brought up the subject.
I would not
surprise me if they are added. I used to have a good link
that discloses requirements for listing and delisting.
I can't find it though. However, they are actively
changing their lists much more frequently than S&P
Dolphini seems to keep this board up to date. He may have
a good URL for everyone.
1) momemtum and day traders - not long term investors
2) uninformed investors who got caught in euphoria when it looked like all techies would always got up indefinitely.
I think VOXX will make it okay, but I only have
4,500 shares myself. I hope your purchase is less than
10% of your total portfolio. It is never a good idea
to have too much in one stock because you never know
where the next "earthquake" will shake up a stock.
You do have the right idea though. Find a stock with
good fundamentals. Buy it. See it through to a price
less than you think is the top. Sell it. Find
I really still don't understand, so I guess I
should not be in the stock market if one needs to know
this kind of "maneuvering"....I bought 10,000 shares
of VOXX based on their growth and fundamentals, with
less risk on dealing phones rather than making phones.
I am still going to hold this stock and wait for it
to get through all of these crazy and
hard-to-understand "maneuvers"...it will get through them, won't
it???? Ha, Ha. Thanks again!
I'm not Kodiak but he is referring to to common
occurences in the market.
Filling the gap. Often, after a
stock gaps up or down, the stock will come back later
and trade in the area which previously
There are many theories as to why this is so, including
the one that the theory is self fulfilling and people
will sell at a profit faster when they feel there is a
gap to be filled, or wait for the stock to fall back
before buying the stock if they want to buy it.
happens often enough to be one of the tools one should
seriously consider when buying into or exiting a
Market Makers sometimes will prop up a stock by quoting
bid and asked and even trading amongst themselves.
The reason for this may vary from too much stock in
inventory to trying to keep a market up knowing a big buyer
is coming in and wanting to get more for their
inventory to trying to keep a market up so a valued large
customer can exit without getting killed.
in reverse for pulling a market down.
buy or sell emotionally based on what they perceive
as a bottom or top for a stock or that a stock is
trending one way or another. Many modern stock trading
programs also set their buy or sell criteria based on
this. Market Makers merely take advantage of this for
their own purposes, similar to a specialist on the big
By the way, I also thought we had a little propping
I am sure Kodiak can give you a much
better analysis of these items when he gets time, but
this will get your thinking cap perking.
How can a company growing at this clip in the
telecom field and with a p/e of 14 or 15 on trailing
earnings be beaten down so far, with a chance to "fill the
gap" at 19 per Dolphin? I know I'm a novice, but I
just don't get it??? Why would investors buy in March
at 30, 40, 50, 60...all the way up to 72, and now it
will "fill the gap" at 18 or 19??? I'm not trying to
be a smart-alec, but I'm trying to learn...thanks!!!