Wouldn't you love to be a fly on the wall inside t
Post# of 56323
You have to ask yourself, why is that every day, virtually every day this stock trades down at the start of the day, every day for a month? No stock does that every single day for a month so why is it down rather than up? My belief is they are accumulating shares from the people who they know will get tired of waiting it out and or are on the edge of margin and will be forceed into selling.
Obviously you can't margin FITX but you can margin other stocks in your account and if you run into a margin call you have to choose what to sell to satisfy the call and or add money! Most people will sell a stock that has been trading sideways that's not marginable rather than a a stock that is that will lower their margin credit. I assure you that over the last few days there people who ran into margin calls.
If you watch these otc stocks that run they'll bring them up, lower them a bit from the high and then trade them sideways for a month or two and then another leg up, look at FNMA and FMCC as examples of how they've been traded!
Everyone has a theory that's why it would be nice to listen to these bums and see what they have to say while they're working on peoples emotions........!
Everyone, hang in there, don't let these clowns manipulate your shares from yourself.
Good luck to everyone and have a great day........!