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Thursday, September 20, 2007 4:47:20 PM
37,000,000 volume
And that's on a bad day. They are coming out of the woodworks now, people.
The bear raid didn't get the job done today. PPS was put through hell and rebounded each time. SHORTS are not happy and will be bashing all night.
The race is on. The 8K is the stake in the heart of Shorts/MMs...
If they can't kill PPS before the 8K or next positive PR, then they are going to suffer. Last PR was just a preview of the 8K and we hit .034 just after it was released. That scared the crap out of the Shorts.
Th PPS held up, all things considered. I believe somebody BIG didn't cover at .022 today which would probably have given them a loss, but one that other MMs were willing to take.
The large SHORT sitting on this still thinks they can get it well below .02 so they can make some money down there as opposed to just reducing losses at .022
So expect bashers to be on the move.
This is war. And this is also just my opinion.
If there weren't big short FTDs we wouldn't be on REG SHO list, and it's that small detail you left out of your post.
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