IF that stock really went up to 1$ and everyone is going to sell it happily. Since everyone is selling it and not much buyers, Can we still sell the shares out?
posted
If nobody is buying you aren't selling them. That's probably the most important part of the trade. Knowing when to sell. If you hold for too long and everyone is trying to sell the price can start going back down. And the price can drop alot faster than it went up.
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posted
ok if no ones buying the stock will go down. so how abt the company, lets say the company during great but noone is buying, everyone is sellin now what happens?
posted
since CMXK trades on the Pinksheets, and the Pinksheets is an otc market, it is too simple to say more selling than buying will make the stock price go down. MMs will do what they please. they may want a stock, and let ppl sell away. but, i doubt they are going to want CMKX at a buck anytime soon.
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posted
If the company is doing good, I doubt more people will be selling than buying, but you never know. If alot of people are trying to sell and nobody is buying they will usually lower their asking price hoping someone will buy it. If this continues the price could start to drop and then more people will get scared and try to sell and fewer people will want to buy a stock that is dropping. That is when the PPS could really start dropping. It usually drops faster than it went up. Fear works alot quicker than greed. Dan
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posted
AF1 got the two magic words.. FEAR & GREED... FEAR drives the price down and GREED drives it up.. sometimes other way around.. as in shorting a stock.. thats GREED as well.. but dont forget a stock can also go in a sideways pattern as well Cs378.. which could mean that not much buying or selling is going on .. that people are holding onto the stock and watching carefully to see what will happen.. will it break through the RESISTANCE or the SUPPORT .. you might consider reading books on trading... i wouldnt recommend you get into daytrading from the start.. u should probably learn Swing or Position trading for awhile.. i dont remember if i ever mentioned the book i recommend to you but its called A Beginner's Guide to Short-Term Trading by Toni Turner... www.toniturner.com .. you read that book and it will answer your questions that you are asking here... btw i dont think that stock you mentioned will hit $1 anytime soon either if at all ever ... most pinksheets dont... a perfect example of my own GREED is recently i was trading in ONEV and TFCT.. i made profits and profits.. and one day on both stocks.. the volume was sky high as well as the price going very high that day.. but i held onto it even though i knew from reading trading books that the next trading day they would both go down cause MM's and others have milked them for all they are worth for now.. and i lost it all back to the market for holding too long instead of taking profits or partial profits.. :-( now im struggling to rebuild my account..
[This message has been edited by Machiavelli (edited June 13, 2004).]
[This message has been edited by Machiavelli (edited June 13, 2004).]
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