Thursday, October 01, 2009 10:59:47 AM
1. The market in general is getting hammered. Especially fins, JPM went to $42.
2. The court dates aren't for another 16 trading days. That's an eternity here, lol.
3. MM's are definately flipping back and forth to each other to walk her down. They have filled some very large buys down here.
5. 50% retracement from a big run is normal.
But as we have seen, the tide will turn the other way sooner or later. We started Sept off at .10 , and hit a high of .43.
We start Oct off at .20, with 2 major court dates coming who knows what could happen? This 'low' price also keeps us under the radar from the 'Zombie Stock' reporters and the SEC. Slow and low that is the tempo!
I do feel bad for people who bought over .30, this has to hurt short term. But in the end even if a settlement is $4 they are going to do very well.
Relax and kick back for the next 12 trading days or so. Then the real fun begins imo.
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