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RickNagra

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RickNagra

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Re: Quinton post# 160087

Sunday, 07/27/2014 9:54:31 PM

Sunday, July 27, 2014 9:54:31 PM

Post# of 263702
Great post Quinton. I agree with you in that we are worth 10-20 cents. Typical MM manipulation to drive the PPS lower in order to flush the panic sellers. We saw this kind of tactic at it's best with Fannie and Freddie over the years until finally all panic sellers left. Now with only strong hands left MM is unable to drive down the Fannie and Freddie PPS below $4. Similar story here with Green Cures.
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