12-08-2011, 12:09 AM
(11-08-2011, 02:46 PM)pianist Wrote:(11-08-2011, 01:02 PM)violinist Wrote: People are catching falling knives all the time. Otherwise, who do the sellers sell to?in a market like this, some sellers might not be real because they (shortists) sell high first buy back lower later...so some real sellers unknowingly follow-suit in the panic. result is - real sellers cut loss, shortist make money. and the one bought back from the 1st seller might be a shortist himself covering his earlier opened sell position. so there are many 'imaginary' buyers around.
Trying to recall around end 2008 - Mar 2009, when less and less sellers around whether real/fake, and more and more buyers, whether fake/real.