I am sitting on the sidelines for a bit and peep the game. I am seeing more market manipulation then ever for some reason. For example, WYY just announced the deal with Samsung that everyone knew was coming. The stock was around 2.00 before, after the release it drops to 1.60 .
I know it was a bad day all around, but someone took a huge short position and dragged the price down. Glad I exited earlier now that I think about it.
I am waiting for CERE to drop a little more before I re-enter. That stock is another example of heavy manipulation. I honestly think that the groups like Artal are playing a part in this. I used to wonder why they would invest in a company with no return to show for it. They are probably the ones shorting and slowly walking the price back down before they force another PR. Those guys always get paid one way or another
I know it was a bad day all around, but someone took a huge short position and dragged the price down. Glad I exited earlier now that I think about it.
I am waiting for CERE to drop a little more before I re-enter. That stock is another example of heavy manipulation. I honestly think that the groups like Artal are playing a part in this. I used to wonder why they would invest in a company with no return to show for it. They are probably the ones shorting and slowly walking the price back down before they force another PR. Those guys always get paid one way or another