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There is an old stockbroker joke about penny stocks. Broker: "This stock is at 1 cent and could keep on going up." Client: "BUY!" The next day: Broker: "Goo
by danielweber 13y ago
There is an old stockbroker joke about penny stocks.
Broker: "This stock is at 1 cent and could keep on going up."
Client: "BUY!"
The next day:
Broker: "Good news, the stock is at 3 cents and is showing no signs of slowing."
Client: "BUY!"
The next day:
Broker: "Awesome news, the stock is at 10 cents and people think it could hit 50 cents in a week."
Client: "SELL!"
Broker: " . . . to whom?"
- fat0wl 13y agoahhhhh you may be my soulmate on this thread :)
- nezza-_- 13y agoWhich is why you look at market depth indicators. http://bitcoinity.org/markets http://bitcoinity.org/markets or http://bitcoincharts.com/markets/mtgoxUSD_depth.html http://bitcoincharts.com/markets/mtgoxUSD_depth.html for example.