The Golden Lounge

[Jim Bishop]

Sorry but I think that's total crud. Most MM naked shorts while making a bona fide market are covered usually within a matter of minutes, maybe an hour on a hot one, of going short.

That's what the walkdowns are all about on the momos.

While buying volume is coming in they are happy to sell what they don't own and keep moving the price up until such time as buying pressure slows, then move it the other way covering all the way down, then once buying starts coming back in, do it all again.