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Green Earth Technologies, Inc. Message Board

  • capestockpicker capestockpicker Sep 4, 2008 1:52 PM Flag

    Possible reasons for big sell-off today

    Hi All,
    There were $144K shares sold from 10-11. Couple of big orders (50K and 27K) in the timeframe. There's a lot of RED across the board today. And although some of these GETG sales could be attributed to shorts, a lot of people may have had to sell positions in GETG to cover margin calls elsewhere or just decided to take some profit.

    Another phenomenon is likely occurring as well. The MM's are back from vacation and trading again. It's not unusual to see MM's drive prices down as we approach earnings season. MM's buy the shares cheaper as nervous investors sell off. Then good earnings pops a stock, the MM's realize a nice pop and look like heroes to their clients. Market psychology is critical to investing.

    I'm long and have been adding to my position during the dips.

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