All posts by Cherry Crabgrass
| May 7th, 09:03 Cherry Crabgrass |
SL Wallet Public Forum » this is what happens... this is what happens... |
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| ...when the traders drop out. Volume dries up and the prices fade. Take it from a professional S & P futures trader...it's not going to get any better. This is Ginko all over again CC |
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| May 8th, 13:04 Cherry Crabgrass |
SL Wallet Public Forum » this is what happens... Re: this is what happens... |
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| Just stating a simple fact that I've seen in my 14 years of trading professionally on major markets...the volume had died. Fewer traders making fewer trades. That always, ALWAYS, signifies a market that is dwindling. That is showing in this stock by its price falling off. I said it was link Ginko meaning that, if you watched that stock, this is exactly what happened there too. The traders dropped out, the volume fell and the price dropped and never came back. it looks mighty similar. Oh, and I'm not 'another guy'...LOL...another chick maybe, but not another guy... CC |
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| May 9th, 07:11 Cherry Crabgrass |
SL Wallet Public Forum » this is what happens... Re: this is what happens... |
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| yes, one post, so far...everyone's got to start somewhere. And I personally don't see that stating the facts based on observation over the past several weeks as being negative. I'm sorry, but I cannot praise what is going on. I too was caught in some of this mess. I chose to trade out at around the .75 level, going back and forth to lower my cost average and actually make something out of this mess...but it was a very small position compared to what some others are holding, and it was when this market was a whole lot more liquid. One trader cannot rectify this situation...it would take quite a few. The liquidity is gone, one cannot get filled on any size of consequence here. Why would a trader want to venture into a market with no liquidity? Until this market becomes more liquid I cannot see much hope in the price rising to a level where buybacks will be done at a satisfactory level to make anyone happy. CC |
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| May 9th, 09:15 Cherry Crabgrass |
SL Wallet Public Forum » this is what happens... Re: this is what happens... |
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| regular buybacks will only work to 'use up' the shares that are sitting there at the lower prices. For example, and I"m assuming (which might not be a good thing) that the trading platform (the means by which we enter buys and sells) on the SLCapex works the same way a trading platform works in RL. If it does, then a buyback will take the shares at the lowest offered price first...In laymans terms the buyback will buy up the shares that investors are trying to sell from the lowest price to the highest price. I would think that if people want the best possible prices on the buyback, everyone, and I mean, everyone would need to cancel the sell offers at these low prices and everyone, and again I mean EVERYONE would need to offer at the same higher price. But then the catch 22 there is that (just say that every single person that owns SLW would put their sell at that 1.03). Arb would not be able to buy as much back as there is a finite amount of cash he has on hand. So I guess it lies with those that have the shares to decide...if they would get organized and do something like set all their prices exactly the same, they would be waiting to get their money because every buy back would be a smaller amount of shares...or they can get the lower price and at least get something quicker...or they can leave it as is and wait anyway. Any way you slice it though, its either sell at a lower price or wait. I really cant see though any way of getting around the 'long wait'. I hope that made some kind of sense... CC |
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| May 23rd, 09:29 Cherry Crabgrass |
SL Wallet Public Forum » Price bottoming out? Re: Price bottoming out? |
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| No, it doesn't appear that the price is bottoming out. Is this current fast sell off down through the 20's because people are giving up and just trying to get out with something? If it is, the time to buy up shares is going to come very quickly. But that's only if this acts like a RL stock... what do you guys think? |
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| Jun 19th, 05:20 Cherry Crabgrass |
SL Wallet Public Forum » Price bottoming out? Re: Price bottoming out? |
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| <<@Borgart Verry helpfull comment. Realy gives people the impression that their concerns are taken serious ;) Manuela >> LOL Manuela...it also gives us the distinct impression that we are investing with seasoned professionals... |
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