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Great low floaters at bottom
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[QUOTE]Originally posted by PCola77: [QB] I agree Jim does well, but I think he overthinks it and mistakes the psychology of retail investors for MM games. Like when you see a big drop on small volume, I don't think it's MM games, I think it's that some people (typically the smaller holders) see it start to drop, so they get scared and sell, and people who had buy orders in pull the buy orders because they want to see where it bottoms out, and the chain continues until peopel start to think the bottom has been reached, so tey start to buy. It quikcly gets back to where it was before the "shake" because there are no "real" (as in significant) sellers, and a bunch of people trying to buy the bounce. We each have our own opinion, obviously, but my strongest argument against his theory is that I honestly don't think MMs could give two sh*ts about penny stcoks, given the money the make on stocks with real volume. I could be wrong, but I know when I was interviewing with a few hedge fuds, they all said penny stocks aren't worth their time because they can't make enough money to justify the time they'd have to put into them. and some of these weer pretty small funds, so you can only imagien what large market makers think. But like I said, just my opinion. [/QB][/QUOTE]
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