Friday, August 11, 2006 10:50:13 AM
Look at the time and sales... From the 0.06 area, it's been all buys. With buying pressure, the PPS should go up. When shorting occurs, buying pressure will bring the PPS down because all the buyers are taken out.
I think the MM's are shorting and buying large blocks at a low low price in intervals to cover (ever wonder why those large blocks are 0.002 or so lower than the bid?). The intervals of large blocks are to keep themselves in check to not get themselves deeper in the hole than they already are. Basically, this is just to get the PPS lower so they can cover lower and also to get the traders and weak-longs to get out.
Anyway, it's just my hypothesis on what's going on. I don't see why buying pressure would make the PPS drop like that in a regular market. Any other ideas?
FEATURED CBD Life Sciences, Inc. (CBDL) Reaches Unprecedented Heights With Explosive Growth and Strategic Expansion in 2024 • Oct 8, 2024 8:00 AM
BNCM COMPLETES MERGER WITH DELEX HEALTHCARE • BNCM • Oct 8, 2024 9:54 AM
Unitronix Corp. to Invest $3 Million in USA Unity Coin Project • UTRX • Oct 7, 2024 7:08 AM
North Bay Resources Announces Assays up to 5 oz/ton Gold, 1.5 oz/ton Platinum, 0.5 oz/ton Palladium, and 0.5 oz/ton Rhodium at Mt. Vernon Gold Mine, Sierra County, California • NBRI • Oct 4, 2024 9:15 AM
Basanite, Inc. Appoints Ali Manav as Interim Chief Executive Officer • BASA • Oct 3, 2024 9:15 AM
Integrated Ventures Announces Launch of MedWell Facilities, LLC and Lease Agreement with Giant Fitness Clubs • INTV • Oct 3, 2024 8:45 AM