It's clear that many of the people on this thread have no idea of basic market mechanics.....
There are buyers and there are sellers....
When the buyers desperately want something demand goes up and they outnumber the sellers creating a scarcity of supply.....This desperation can be caused for any number of reasons....
This forces the price up.....to a point where there are not enough buyers who consider the price, for whatever it is they want, to be fair value.
But at some point the balance changes, it always does.....it doesn't matter why
Sellers start to offload forcing the price down to a point where buyers come back in.....
You can bleat on until the cows come home about the virtues of any stock but if the sellers outnumber the buyers the price will go down...
The stock needs to bottom out form a base which convinces buyers that it's safe to come back in..
Only a fool would buy into a stock that is falling like this following such a dramtic rise...
MOG Price at posting:
27.5¢ Sentiment: None Disclosure: Not Held
