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BELIEVER

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BELIEVER

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Re: dioblo post# 4645

Sunday, 07/16/2006 7:55:44 AM

Sunday, July 16, 2006 7:55:44 AM

Post# of 28061
DrF-

I think you are spot on. Here is my take on the last 1-2 weeks. Peeps put in buy orders around the bid hoping to get on the cheap. Ask thins out, then few if any trades, PPS does not move, then the bid flips to ask, bid drops with little if any
support. Thus they move it down about .005 a day like we have
been experiencing. If as others say the longs buy at ask then
the game slows down. The spread is/has been absurd because of this. Decent news on the Texas drill will stop this;otherwise the true longs will have to weather through this until NM hits.
All IMHO

Mike



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