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Re: saigai post# 1711

Friday, 03/30/2007 1:45:49 PM

Friday, March 30, 2007 1:45:49 PM

Post# of 4299
Yeah...I was aware of the bagholders...I read through the old posts. :)

I figured that bagholders would be looking to exit at any sort of pop. But no one (with a brain and L2) is going to hit the ask when it is 3 deep with MM's. Therefore bagholders are still going to be left holding the bag, unless they whack the bid, which would would also be counterproductive. Sort of a catch 22 huh?

Watching PKTO L2 today is like pulling teeth. I jumped into MLXO the other day at .025 and was able to jump ship yesterday at .029 when I realized that there was no volume to substantiate a run. After having teeth pulled out watching MLXO L2...I don't know how many more teeth I have left...j/k

My average is .00375, so I am not really concerned. I could whack the bid at .004 and be out with a profit, but then I wouldn't be a team player, and besides that, my guy is telling me that we will see .005's before we see .003's.

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