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Re: NorCal post# 96656

Thursday, 12/27/2007 11:27:02 AM

Thursday, December 27, 2007 11:27:02 AM

Post# of 114954
Agree.....and yet the ask is at .0006 !
As I was writing this....a 500K buy went through at 6.....so I guess the MMs know what they are doing.
Sells at 3 buys at 6 ....they're making 100% off the spread!
That aint chopped liver ya know!
As long as they can get buying and selling with a spread like that......they're going to keep it the way it is.
Selling does seem to be drying up....so perhaps the sp will start to creep up soon?.....but who knows how many flippers are sitting here waiting to dump their shares at the first pop in sp? No question we are in a period of consolidation....where we go from here.....MO no where until the exchange becomes liquid.
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