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Re: joey13 post# 187868

Tuesday, 10/06/2009 12:22:08 PM

Tuesday, October 06, 2009 12:22:08 PM

Post# of 326354
Overall my guess and fully acknowledge up front it is just that a guess, is MMs had fun selling off the shares they had accumulated at lower levels as they are supposed to do (adding liquidity)...that took the price back down to current levels...they are pretty much dry at this point, so starting to play with the action to see where folks coming in are going to take it....overall I think the action will be up, and the MMs will slowly add back to thier positions on the way back up....Simply, they did thier job of adding liquidity and folks were snatching up shares on the bid....causing PPS to depreciate...now they are dry and investors will decide where it moves from here...