posted
Money flow positive--and MMs are trying desperately to keep this one from blowing up. Hence mirror trades and trying to quell demand through whatever means at their disposal--like selling to each other etc. Today should be first of billion + volume days and it bodes well for longs as well as momentum traders.
quote:Originally posted by Repoman75: Wow, someone just dumped 10mil shares at .001.
IMO, the dirty basturds (mm's) willlet it go at the end of the day after they have shaken as much fruit off the tree that they think they can get at 1, 11, and 12. I do think we will close around 15, give or take.
-------------------- If ignorance is bliss, why aren't more people happy?
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posted
there is a huge wall * 0.0012, at least 5 mms, i don't think this is going to move any time soon unless they want to allow that, news or no news.
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posted
Bikerider, as far as I'm concerned, today doesn't really matter. I'm in and the only thing that matters is when news comes out. Once news comes out, if there's enough buying the MM's will not be able to control it. They will be short shares and will have to take the price up.
posted
mustang, i hope you right, this morning the price went up as there were only two mms they couldn't hold it there so they brought in some more.
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quote:Originally posted by bikerider: there is a huge wall * 0.0012, at least 5 mms, i don't think this is going to move any time soon unless they want to allow that, news or no news.
posted
mhmh i am going to buy more of this baby i think,i hope the dog is right about tomorrows press release and if it is great this will pass 0;0020 easily...look for a 5M order at 12 in the next minutes
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posted
Like all stocks that had gap up premarket, MM's walked it down on mirror trading to fill the gap. The 10mil sold at .0001 was the filling of the gap, so to speak. Since then, the MM's have stopped mirror trading and have let this stock trade on its own accord. As you can see, we have had NO sells in the last 1/2 hour, only buys. When the MM's leave, you truly see the interest in this stock.
-------------------- Stick with Repo's plan in '07 - FRPT/DKAM!
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wow, tons of buys at .0012. I'm actualyl suprised that 12 is still in play. I would have thought MMS would be coming off of 12 by now.
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A ton? I doubt it. Some from daytraders but a ton? Nope. The reason why we saw that dip this morning was because we gapped. When we gapped, MM's don't have a chance to pick up cheap shares, therefore, they drop the prices on mirror trades and pick up shares at the gap price. When they are done, they allow the market to determine the PPS (which in this case is bullish). They are unloading their inventory now. When they are done, if the buying pressure still exists, they'll raise the price high enough to create selling pressure, and then pick those shares up, mirro trade them, and build up their inventory.
-------------------- Stick with Repo's plan in '07 - FRPT/DKAM!
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That's exactly what I was wondeing Opethian. Oh well, maybe a close just a few ticks above the open will be better for tomorrow. Who knowsn
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Lost 1 at 13, gained 1 back at 12. Come on people, let it go. I want to see at least 14 by close. It will be tough to do, tahts a big 13 road block. HOLD HOLD HOLD, make 'em drive the price up. Don't fall for smoke and mirrors.
-------------------- If ignorance is bliss, why aren't more people happy?
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posted
In all my days of trading I have NEVER seen sitting on the ask like this in the face of monumental buying pressure. Just buying and buying and buying at the ask and they never move. This is without a doubt being held back to what end I dunno.
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posted
looks like they ccan hold this for as long as they want, like i said if they wont let go nomatter what news they come up with, wont make a diference
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