Thursday, October 08, 2009 11:23:54 AM
If you notice when they let this go the last few days how easy it jumped up from .017 to .024 level.
Now since they or Shorts may have shorted a ton in the .018 - .022 area the MMs are in the process of trying to force this down to cover shares.
The biggest farce they are doing lately is dropping the Bid/Ask with no sells and also in premarket to get the stock from gaining any momentum.
This is how they work. I follow hundreds of small stocks and lately they have been doing this to most small stocks meaning they let them run then short them and try to cover lower.
Once the MMs see big demand on the Buy side when the CE gets removed they should let this run towards .03-.05 level.
In other words Dont give them any of your shares as they are completely desperate for shares now.
Accumulate and hold for the next big move which should happen at any time once the word gets out on CE being removed.
Also when you see alot of 5000 shares go through on the upside the MMs are getting ready to lift the Bid/Ask higher and want traders to chase the stock.
Same on the downside. Small 5000 orders are MMs moving off the Bid to try to shake out weak longs and make people chase the stock lower.
These are tactics they use to scare out and also to get Traders to chase the stock higher.
This is why I buy when stocks are going down and are at suppport levels because when they turn and the MMs let them go the MMs make everyone chase all the way up and its hard maximizing profits when your always chasing stocks
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