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S&P 500
5,843.56
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0.49%
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US TECH 100
19,649.20
(
0.08%
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Dow Jones
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0.80%
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-0.61%
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714trader

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714trader

Re: mazmania post# 116

Thursday, 04/30/2009 1:26:29 PM

Thursday, April 30, 2009 1:26:29 PM

Post# of 970
What I'm saying is that the direction of the stock is currently up for grabs. MM's are known to work together to each a PPS goal, and they've been known to (not specifically on this stock) hold the price at a certain level so they can all load up for a run. On the flip side, they've been known to hold the price at a certain level, load up, then slap the bid and drive the price down.

IMO, some accumulating has been going on. However to speculate why it's being accumulated isn't appropriate right now.
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