Sunday, October 15, 2006 6:42:47 PM
Yes, once this stock does a new high, the MM's will lose control of this stock soon afterwards. I say soon afterwards because a lot of people were pissed when we hit the .60's and they did not take profits the last time, so some will bail, but if you saw how hard it was to get filled on Friday at the ask, then you know that those that bail will not have an easy time getting back in imo.
Then there's always the fear that if the prices runs too high the brokerages my step in and retrict buying on-line or take only sells due to a huge short position imo. We all know that this has happened in the past.
I say at this point, before you sell, you need to mentally prepare yourself for the possibility that you may not be able to get back in at a decent price or that you may end of with a lot less shares, and that if you made a gain be happy.
Then there's always the fear that if the prices runs too high the brokerages my step in and retrict buying on-line or take only sells due to a huge short position imo. We all know that this has happened in the past.
I say at this point, before you sell, you need to mentally prepare yourself for the possibility that you may not be able to get back in at a decent price or that you may end of with a lot less shares, and that if you made a gain be happy.
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