Wednesday, July 11, 2007

Attrition Buying-Ringing your Own Death Knell


One observable fact about bargain hunting to get the better deal.

If you look carefully, most counters are brought down slowly in a systematic fashion by the small retail fellow, biting lots of below 10 in numbers; while stocks move up because of the big boys' big push.


If you look at the trading pattern for most counters, a little biting here and a little biting there can do much damage to the stock; much akin to that of the piranha's frenzy feeding pattern.

Anyway, that is the way of the stock market world and we have to live with it until the market turns around.

Heartsong

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