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Re: sabregold1999 post# 22951

Thursday, 05/17/2007 11:43:57 AM

Thursday, May 17, 2007 11:43:57 AM

Post# of 44006
Hello, Sabregold. I agree with you. Many times MM will sell shares at the ASK that they do not own.. They do this to keep the market liquid.. They will then lower the Bid & ASK to try and buy back the shares they sold at a higher PPS.. They in effect went short knowing it's easier at times to scare people into selling and then buy back the shares they shorted at a lower PPS thus pocketing the difference.. Someone bought 100,000 this a.m. at the then ask of .0579 they the MM lowed the ASK. Really now. If the demand was so great at .0579 why turn around and start asking less for what you just sold. Why not ask more if the demand was really there.. No In my opinion the MM and Hedge Funds are trying like heck to get weak hands out and they are playing with the PPS for their own benefit.. All in good time, Real demand will come once news of drilling operations becomes public.. GLTU FFB-Fish

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