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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: "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?"



Which is why you look at market depth indicators. http://bitcoinity.org/markets or http://bitcoincharts.com/markets/mtgoxUSD_depth.html for example.


ahhhhh you may be my soulmate on this thread :)




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