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Friday, December 11, 2009 11:55:48 AM
Today is a result of profit takers and panic sellers. Before the news yesterday, this was trading at 17. Probably where most of these people got in. They held today to see if it would keep moving up today and when it didn't, they sold at the bid causing the pps to drop, which in turn caused others who would normally have held to sell also. That is why it's where we're at now. Cause and effect.
Throw in the wackers and traders selling at the bid and it will not be able to sustain itself.
What this needs is a better class of trader. One who buys and sells at the ask.
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