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Re: ken2ak post# 1931

Thursday, 02/14/2008 11:08:08 AM

Thursday, February 14, 2008 11:08:08 AM

Post# of 6388
Ken, I'm pretty happy too but, I don't think this is 'it'. The bid support just isn't there and I would like to see alot more volume than what we have. Without strong bid support and heavy volume it isn't indicative of a bonafide breakout. I think what's going on right now is that the MM's are "testing" the market themselves and trying to get a feel for what people will pay or sell this stock at. They're trying to get a feel for where to open the market at when whatever is coming down the pipe arrives. You can see this by the number of very small trades that knock the bid and ask around. This is being done I believe, in anticipation of something coming down the pipe soon. Noone wants to be on the wrong side of the trade and I think this is them trying to figure out which side they should be on. When you see the huge 250k or 500k trades go through on a rising asking price then you will know that this is 'it'. In any case I would be jumping around too if this cold wasn't kicking my ass so bad!
-Dave-