NO, IMO flippers plan their trade and once the tar
Post# of 16816
NO, IMO flippers plan their trade and once the target hits, they sell. If the stock runs far after they sold, they will seek another one, besides they won't mind paying higher price if they still think they will make a profit. Those are professional people and know very well what they are doing-they are pretty much like robots. They always circulate their money. The only reason they like BCAP is because the profit margin is so high at the current low price. When we go higher, we will have different kind of flippers or better traders to be more accurate.
The right word for flippers is traders since there is nothing wrong with flipping-the problem is the one big flipper who controls the stock, but small retailers are actually good for liquidity of the stock.
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