Perhaps, but most of these people will be out the
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Posted On: 01/03/2017 9:04:07 PM
Perhaps, but most of these people will be out the first sign of retracement - typically skittish traders that are attracted by quick movement, not business fundamentals.
The proof will be how steep and quick the PPS drops the first sign of evaporating profit. If the stock holds with a lack of news, than I will be wrong.
The only thing I personally dislike about flippers is that they make it difficult for longer term investors to accumulate a large position over time. They tend to whip saw the stock price, especially with these small companies. Oh well, it just goes with the territory.
The proof will be how steep and quick the PPS drops the first sign of evaporating profit. If the stock holds with a lack of news, than I will be wrong.
The only thing I personally dislike about flippers is that they make it difficult for longer term investors to accumulate a large position over time. They tend to whip saw the stock price, especially with these small companies. Oh well, it just goes with the territory.
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