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Saturday, April 10, 2010 7:15:26 AM
While we like to blame the MM's for the price it is also those that are buying that are a problem. Until we have some new blood coming in we are keeping the price down by continually under cutting the ask to buy as many cheap shares as possible. How many have got bids in right now under the ask? In most cases the ones complaining about the PPS are the very ones who have orders in for a lower price. The price can not go up unless someone is willing to pay more. When those willing to pay at the ask dry up the MM's will come down to the bid. If you want it to go up, you also have to be willing to pay more. Kirk
While I tend to agree somewhat with this statement I actually think that until the MM's quit naked shorting the stock it only makes since to try and buy below the ask and until they do quit shorting the price won't run anyway......any thoughts????
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