Friday, February 19, 2010 10:54:20 AM
I think the buyers have bought as much as they can at the ask, and nobody is selling at the bid. Those who still have cash to buy probably are sitting at the bid, waiting. I sat for 3 days at 0.0166 before my order went through and I'm sure I wasn't the only one doing that.
This afternoon will play one of two ways:
Possibility #1 is that people who aren't already in 100% will want to load up for the weekend in hopes that we open with a gap on Monday. I don't see this as a possibility, since Dean will need at least a couple days to get his ducks lined up from his meetings in Germany before releasing anything to the public. I could be wrong, but I don't see news hitting first thing Monday morning.
Possibility #2 is that flippers will want to free up their cash for the weekend and we will see Friday selling later in the day. I'm not sure how many flippers are left who haven't been converted to long positions as a result of the DD which is available and the high expectations for the pending news.
Not quite sure which way it will go, but I see these two scenarios as being the two primary possibilities.
In my own opinion.
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