Sunday, May 02, 2010 12:01:26 PM
Personally I don't see the powers that be, allowing us to break the dollar mark. They can't own 5% but there's no limits to what they can SHORT!!! JPM also knows if/and when they'd settle so until then they can manipulate away. Low PPS just makes it easier to aquire more shares and news and volume moves the PPS. However MANY have left WAMU because of March's MADNESS and will never return. Nubie's come in, but they are not as HARDENED as those of us who've been here for a while. Rosen I expect to try another SHAKE soon. At this PPS I can't see a massive sell off because the support levels have been higher each time. .17 now hanging around. It was .15 until POS POR MADNESS and before that it was .10 which mostly held during the Sell-off suprise.
So in conclusion...I'd say we have to go higher for the RAT's to come out and play.
All I know is I'm locked, loaded and ready for a fight. This week should be fun for traders, but I like daily TRIPLES...Don't think they'll try that one.
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