InvestorsHub Logo
Post# of 45574
Next 10
Followers 0
Posts 1071
Boards Moderated 0
Alias Born 06/24/2004

Re: None

Friday, 12/17/2004 11:38:40 AM

Friday, December 17, 2004 11:38:40 AM

Post# of 45574
Prospector, what's happening is more and more
people worldwide are getting in as time is ticking on. As a result more people are seeing that simply holding shares is the key to smooth the bumps as the rise continues. As a result, each bump we have seen is less and less dramatic. The base forms as the Market Makers and the market have fewer and fewer shares at each trading cycle (occurring every 20-30 minutes). MM's are doing an excellent job in trade management.

In a nut, people love Elvis and are buying and holding. The float is low to begin with and shares are drying up. People are seeing this strength and more and more are holding as time goes on. : )

In my opinion of course, but it is looking like the best catch-22 I've seen in quite sometime.

Bo

Join the InvestorsHub Community

Register for free to join our community of investors and share your ideas. You will also get access to streaming quotes, interactive charts, trades, portfolio, live options flow and more tools.