Monday, December 14, 2009 8:34:51 PM
I strongly agree. Large Block sells. Now there are 2 factors that can benefit us here.
1.) The PPS is sustained or continues to appreciate thus not allowing those that sold off a chance to get back in.
2.) Those that sold off are now in the hands of us longs. Therefore, your opinion would be confirmed. At this point they will only buy back in at lower levels.
They will soon get burned sitting on the sidelines because the negative uncertainty that they use to influence selling is subsiding week after week. They do not have a leg to stand on. One of these days we will get solid revenue facts that will send the nay sayers chasing after the rising PPS.
Biggest risk now IMO is being on the sidelines watching the BEHL game progress. We are in the 4th quarter and we got the ball ready to score.
BG
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