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Re: johnsomw1 post# 2023

Friday, 06/05/2009 5:13:14 PM

Friday, June 05, 2009 5:13:14 PM

Post# of 6674
at times when things dive, it's best to turn away and not look. Sometimes fear can create knee jerk reactions. BBI was staying at a dollar regardless today, IMO. Market makers imo used a run up this morning to fill last nights orders and create a spike as folks last night pondered "missing It". This morning was all those throwing out market orders last night and sells like mine were already set. Market makers used that to create a spread for my .05s and probably sold them to someone for .10 bagging the 5 for themselves, then took it back to where the market really was at around 97, those that hit the .10 probably panicked and resold creating a little more running it down to 92 then you see the recovery.

BBI is no better or worse than she started, just emotion running a friday trade.

I made my percentage, so i sold. This was a trade on a good company and i'm looking for more shares. So if she softens, i'll be right back in real fast like :)