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sawdin

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sawdin

Re: tedwitt post# 39926

Tuesday, 06/12/2007 1:00:24 PM

Tuesday, June 12, 2007 1:00:24 PM

Post# of 79921
Question: Why are we stuck here?

1. Profit takers from .015- .017 range.
2. Plenty of buyers at .0345 and they just don't want to buy at the psychological barrier of .035
3. MM's selling at the ask (the naked short theory)
4. All of the above
5. None of the above.

My guess is 4. All of the above. There's no doubt that MM's can keep it down if they want to, IF there's not enough buying pressure. Buying pressure builds closer to the release and after the release. I thought we'd tick up today, but what do I know!
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