MBAH: This is becoming very elementary and I'm glad I opened enough peoples' eyes to how this is playing out. The only thing any sellers are doing now is allowing the short MMs to cover their positions. As I said before, this stock was so frightfully undervalued under a penny that by the time it took off there was never going to be a chance for them to cover anywhere close to the prices at which they oversold shares. It won't come back down to those levels. It is still a cheap stock and everyone knows the recent prices and the 52 week high had this stock at 250-400% higher than it is now. Two things will happen that lets this continue on its way. First, buying pressure makes this hop. Once fence sitters see it has held Friday's gains and understand what is going on, there can be another wave of buying. It moves. Second, when the MMs are covered, nothing is there to hold it back and they can simply enjoy playing the spread again on the rally. Don't you think that other MMs who were not short are buying for the rally? They'll make very good profits selling on the way up. Look at the Level II now and you'll see the inventory once again is completely tapped out. I still think we can see real momentum going into the close. Anyone who starts buying now will see how it works.
IvG
