Tuesday, March 09, 2010 12:22:21 AM
Only thing of note was it crossed back into .21 - diehards didn't like that and pushed it back to .22, for awhile... but they can't hold by themselves.
I hope everyone loosens up a bit so this can get a daily range - that'd get some interest and vol back in it.
Then it could get some momo and break one way or the other (probably alternating positive and negative), IMO that'd be the best thing.
This whole "not an inch" flatline is bad for everyone - not a battle of attrition we can win.
Best thing would be drop to .19 and rock up to .22/.23 and back down - over and over.
Get new buyers everytime it'd pass .20 and get daytraders to fill out the vol.
Otherwise, this will be ground down and hurt alot of people (in the short and mid term).
Just my take.
-DB
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