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Re: prajna post# 6055

Wednesday, 09/21/2016 3:03:44 PM

Wednesday, September 21, 2016 3:03:44 PM

Post# of 13669
I think if they can hold it in a certain range, like say between .09 and .0999, they can keep buying and flipping over and over. They create dips in the morning usually, buy some, then sell them the rest of the day for peanuts. But they have obviously accumulated a lot, because they're always able to throw up huge walls when they decided it's gone up enough for the day.

I think also if they can keep it stuck within a certain range long enough, they start getting some people bored and impatient, and get them to sell to them cheap. I don't think they can keep doing this forever though. I see hardly any signs of people losing patience and dumping. Once the MMs realize they're not able to hold it down any longer, they'll probably let it go up. I think they gave up on trying to hold the line at .095 and now it'll probably be bouncing around between .095 and .1 as long as they can hold it here. I think they're losing the battle though.
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