Monday, January 14, 2008 8:37:04 PM
AccipiterQ, if we didn't have 4 or 5 market makers all stacked on the ask, each at the same price, day after day, do you think the stock might respond differently to news? if you don't even use level 2 how can you and a few others here say "i don't subscribe to this MMM theory"..?
believe me, if someone sees a strong PR but they think they need to hammer through several MMs just to uptick the stock it puts a damper on things. as the saying goes, "don't fight the tape." even the most bullish of us sees a L2 setup like this and we hold our powder for lower prices.
the manipulators know this and are robbing the bidwhackers blind while they soak up their shares on the bid. you think the ones rigging the trading right now don't like the PRs or the potential of the company? think again.
here's a screenshot from 1/10/08. who in their right mind would slap this ask?
now here's a screenshot from today's close. see any familiar MMs on the ask? notice the huge jump between .91 and 1.045..? once they load up and start pushing on the bid side, we'll be over a dollar again. jmho.
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