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Alias Born 03/12/2013

Re: None

Wednesday, 09/25/2013 8:53:36 PM

Wednesday, September 25, 2013 8:53:36 PM

Post# of 395
The primary challenge that the market faces here is assessing the equilibrium price in the absence of outright manipulation. There will always be chauvinistic buyers at the front end, but the back end interventions are a recent phenomenon and many buyers(and now sellers) were engaged in front-running these types of activities. This is a flow-oriented phenomenon, not a value-oriented phenomenon. My general rule is in the short-term, flow trumps fundamentals for longer than the average leveraged speculator can tolerate. God knows I feel the pain. So, the primary question, is when will the front-runners exit the market, or better yet, when will they become inextricably trapped.