July 12, 2013 : Heroes turned to goats in a hurry today, as those who forgot the laws of gravity took it on the chin, according to today's edition of The Nightly .
BRND continued yesterday's torrid buying pace in early action, as by 10:15am the first 1,009 of 3,231 trades sent the stock up 131% from yesterday's close, and 632% from Thursday's open. The rush to judgment came on the heels of the company's announcement that it would distribute Dennis Rodman's Bad Boy Vodka and Bull In Advantage's two subsequent newsletters. By the time the share price had peaked, 125,088,277 shares of the day's volume of 172,761,194 shares, or 72% had already traded. The hero was systematically replaced by the goat after that, as it appeared there were no more buyers to be found. The next 2,222 trades generated only 28% of the day's volume, as the share price went down on a straight southeasterly course, leaving a whole lot of today's buyers holding the bag. The stock finished down 26% from yesterday's close, likely wiping out the profits of some greedy adversaries of gravity.
Similarly, yet so differently, gravity affected shares of SCRC , which took a last hour dive of 58% following steady gains of more 550% over a four week period. Share prices had double peaked yesterday and today. While the share price did not completely retrace YET, the volume was enough to wipe out most of those who joined the party and had not cashed in. Expect the retracement to continue.
Other issues in which almost every buy finished in the red today, included: ABBY GLBH MAXD NVLX and WPNV . More than half of all buys in WDAS closed down on the day.
DDDC and PMCM were the lone stars, a s almost all of the buys on their stocks finished at or above the closing prices.
DDDC was the pick of at least 31 newsletters who had their subscribers swarm the stock in what appeared to be a typical Friday deluge of touts on one stock, in order to create tremendous buying in what we call a one day smash and crash. However, what was atypical of today's smash and crash was that there was no smash. Rather, insiders controlled the selling and let buyers take out offers, rather than hitting bids.
PMCM had only one tout come out on it, but it was after-the-fact, as it seemed more likely that today's news of the company's association with Mike Clink (who?) predicated the buying frenzy, much like BRND 's Dennis Rodman news sent that stock soaring yesterday and this morning. Beneficiaries are reminded of today's BRND and SCRC examples as to what happens when you ignore gravity.
(0)
(0)