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Re: Holein1 post# 12764

Monday, 04/19/2010 11:56:23 AM

Monday, April 19, 2010 11:56:23 AM

Post# of 80983
As hard as the MM's hit us with 70,000 trading in the last minute of Friday to take down to .0325 from .037 after 11 million moved us to .037 over the day, you have to see someone is trying to slow down this ride. Now we are back up to .037/0375 on the ask and the pressure is still coming in to slow down the train.
As hard as the MM's are working to slow us down there is still a demand for shares and many are looking to buy at the ask because they feel the pressure of the up push and a afraid to try to wait and buy at the bid. Some will get the bid price and those who don't will be chasing the ask. A good update could have us at 10 or 15 cents in an hour and if followed by a major JVA we could see 35 to 50 cents just as fast. With those conditions it would be easy to see close to a dollar the next trading day. The question would be would we be below or above a dollar. I think just short of but I have been wrong before.