It's just odd that they even sell off a small rise, as in yesterday. If a person is looking for action this is not the stock. I remember long term capital management and how they went bust in 1998, a bunch of Ph.D quants that assumed the market was always effiecient and therefore they never bought bargains, that was just one of many reasons.
I have no idea what it will take to ever get this thing moving again. If it wasn't for the value of it I would cut bait and move on, as I suspect that many already have. If the company could dredge up some analyst action that would be good, however they really don't seem to care at all about the price of the stock.
You want to put everyyone on ignore? Oh, that's right, you didn't finish your GED yet. I'll bet you $10,000 that I can produce the trade confirmations on the BBY trade I made today. I've made similar bets with you in the past, then you always then dissapear back into your parents basement.
Me too, It's now 10% of my stock portfolio. Inherently I'm a value investor, however a man has to mind the technicals too. I certainly would not consider myself rich though. I have saved a ton by not trying to make money too quickly. That said, I do daytrade when the opprotunity comes up, as was today with Best Buy. I made 8% and sold too early, #$%$, I did it again.
Still stalking me MYTEK? You really need to get a life, get out of your parents basement and get a job at a supermarket, you can work your way up to assistant produce manager after you finish your GED.. It's got to beat trolling stock boards and posting mythical trades, and telling your parents that you were applying to jobs all day.
That's the way it goes in trading land.
I'll buy 20,000 in six or seven small chunks. My last trade was break even even though I held it for almost two months, ridiculous. I agree with the poster, the MM's see stops as targets. Why they are allowed to see them is a matter of creepy and sleazy money and a greased SEC.
The stock has a small float and is being manipulated by short sellers, pretty simple. The market is not "telling" you anything. The goal of manipulators is to make you belive that it is. Most of their morgatges are for new homes and not refi's, they are doing morgatges at twice the national average. How the manipulators got the stock to trade below cash is amazing and should be taught in business schools as an anti thesis to the efficient market theory. How they knocked it down from 9.40 in three days is just more manipulation, they yank it down in the morning and people just want to get out before the next guy does. The stock is insanely undervalued however that means essentially nothing as it is all about demand.
then every rise they crush with a sale below the bod, how the MM's let them do that and knock it down a 25 cent rise from 5,500 shares with 700 shares is illegal, however they are obviously coordinating. Wow, crooks on Wall Street, never would have thought that. I may get back in again, I wonder if they can get it below cash per share again.
Why are they doing it, because they can.
The stock was down 5% yesterday when the market was up. I saw that pattern again and again when I held it, it was classic short manipulation. How they got it below cash per share was incredible. It made zero sense.
It is more about short tactics, market down .42, this thing is down 5% for the second day in a row. Shorts sell under the bid and all sorts of other creepy tricks.
This has adopted the personality of a short term trading stock. Lot's of people tryting to guess the next .20 cent move and betting that way.
They can pretty much move the stock in any direction they want.
I bailed Monday when I got even, I was down 22% on this. I like the value however the company is pathetic at promotion, hence they are a very easy target for the shorts.