InvestorsHub Logo
Followers 7
Posts 256
Boards Moderated 0
Alias Born 11/11/2003

Re: The_Free_Nebula post# 26375

Saturday, 10/10/2009 1:51:53 PM

Saturday, October 10, 2009 1:51:53 PM

Post# of 79740
The_Free_Nebula,

In your reply to the post below!!!!

First the MMs needed some dissent to set the new stockholders up to be afraid that they would lose their investment. SO SMOOTH and Kate4 came and set up the newbys for slaughter, then,
It looks to me like the MMs saw some stop losses setting at different levels SO. All they had to do was for one of the MMs place a sell order in for a million shares to be sold. At this time another MM walked the price down, this in turn, because of the sudden reversal, caused the newbys to be afraid they were going to lose their investment, placed their orders to sell. The MMs were then able to come in and STEAL the newbys shares, for they didn't know what they owned. The MMs were able to go on a feeding frenzy. There were 8.5 Mil. shares bought and 11.988 shares sold. with the origional 1 Mil. shares that it took to start the FRENZY, which went to the MMs anyway that they bought back. This means that since there was an MM to purchase the original 1 Mil. shares, the MMs had a net gain of 4.4 Mil. shares. Nice gain for the day, SO the next time that SMOOTH and Kate4 shows up onthe board, the then NEWBYS, need to be referred to Fridays BLOOD BATH FOR NEWBYS!!!!!!! KNOW WHAT YOU OWN AND DON"T LET ANYONE SWAY YOU FROM YOUR OPINIONS. I still own 6.7 Mil. shares and SMOOTH nor Kate4 are NOT going to be SMOOTH enough to persuade me to sell any of my shares at anywhere near this level. Marvin


Posted by: The_Free_Nebula Date: Saturday, October 10, 2009 9:57:49 AM
In reply to: vic666 who wrote msg# 26370 Post # of 26407

I think you are wrong...there is nothing bearish about anything that is happening here...Was some kind of consolidation coming ...probably but Friday's move was a sale by a multimillion dollar holder and a recover by a whole bunch of new shares...so I think you need to re-evaluate... There still needs t be confirmation that the inch forward will continue...And there you may see some churn but that does not make this a bearish situation...Not when all DMA are pointing skyward...

TFN...

P.S. Turning over 10M shares from the hands that slip to the hands that grip is pretty bullish IMHO