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Re: pumpkin09 post# 9763

Wednesday, 08/26/2009 11:02:33 PM

Wednesday, August 26, 2009 11:02:33 PM

Post# of 26430
20 mil on the buy side isn't nearly enough to budge the ask with the low volume weve seen the past few days. IMO there is still 1 to 2 bil left in the float, give or take, and it's going to take a few 100+ mil days in a row to get the MMs to consider moving up on the ask. They're doubling their money with every buy order at .0002 so why would they risk slowing the trickle of momentum they have by upping the ask without demand? The only thing that will spark interest and get folks to really buy in is big volume. The quickest way to that volume is news on what kind of revenue Seamless expects to generate over the coming quarter, year, etc. As far as hitting .0003 for 10 min a couple weeks ago... .0002 on the bid is going to trigger a slew of sell orders, which without significant demand is going to slam the ask back down. Again, the only way through it is big volume generated by new investors fueled by positive financial news.
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