Friday, March 23, 2007 6:39:17 PM
I have no answer either, except that this was widely anticipated.
How many times have people said the MMs will drop this at first to try to convince people there is no short? Too many to count.
The low volume is a surprise, but that can be explained by the fact most MMs have no shares to trade amongst themselves and nobody here is selling. Otherwise, this is unfolding as expected.
Whether this goes to a penny or a dollar, it's too early to tell.
How many times have people said the MMs will drop this at first to try to convince people there is no short? Too many to count.
The low volume is a surprise, but that can be explained by the fact most MMs have no shares to trade amongst themselves and nobody here is selling. Otherwise, this is unfolding as expected.
Whether this goes to a penny or a dollar, it's too early to tell.
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