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Re: Turtledip post# 38115

Saturday, 08/30/2014 4:28:09 PM

Saturday, August 30, 2014 4:28:09 PM

Post# of 50667
I believe the MMs will lay off the ask next week and shorts will cover. The only thing holding this from going higher are the MMs. A follow up PR would be awesome, but even if we don't get the PR next week, we should still see a bounce. In this market, everything usually takes longer than we expect. I mean, just look at the wall that's been building in the past few days on the BID at .0007. My guess is both Simon and Turtle Dip have there orders there and are hoping they get filled. Another positive is we're still holding the 50 DMA.