Wave Systems Corp. (fka WAVXQ)

[Snackman]

Posted early this morning. May not get back to $3.40 but we will be very close.

Posted by: Snackman
In reply to: None
Date:9/17/2003 11:17:03 AM
Post #of 10474

The MMs reached down and took out all the stop losses just now. They stepped aside and let it drop, only to pick it back up a lower price.

This is a standard game for the MMs. Buy low and sell high. They just went back to fill thier inventory. Now that they have it, they will sell it at higher prices and do it all over again.

Don't place stop losses. The MMs will go get them every time. If you must have a stop loss, keep it mental, and then execute when you get there.

I expect to see $3.40 again sometime today, if not higher. We shall see.