Lowtrade answer to BLLN, dont know if chart posted but if it did not then check post # 7492 on LOWTRADE board
kimbaray
BLLN All should read this, the more you see it, the better you will remember it and the more you will believe it.
-----------------------------
Thanks for such a good example!
Your explaining M&M short covering, to a "Tee", as they sell to retail, which THINKs a bottom is being reached, and starts accumulating for the up turn.
If M&Ms didn't cap the bid, the PPs may continue down and retail will stop thinking the bottom is being reached and they may stop buying the M&M cover!!!
This sell at the ask, bid is capped by M&Ms, is exactly the opposite of when M&Ms are accumulating. And they cap the ask, & accumulate at the bid. The process is opposite! Retail is buying at the ask, M&Ms buy at the bid. Caps at opposite ends.
Here's the typical PR hype play, I've been posting about for ever. This time you brought out the obvious naked short covering, I always say is during the 9 month walkdown.
IMO there is NO such thing as a forced short cover for M&Ms on the OTC.
Happens with exchange stocks, not OTC stocks.
The OTC is the wild west and there is no fear of the SEC sheriff. LOL He's the town DRUNK!!!
