Thursday, May 13, 2010 3:40:50 PM
Actually, I think we are seeing a lot of panic sellers, and some MM manipulation. They do know what they are doing. They are trying to keep the price down as low as possible, at the same time grabbing up shares cheap, so when the FDA approval comes, they can just sit back and let it run as high as possible, selling all the way up and making a boat load of money in the process.
I feel that once the MM's get all they want, they may relax and let the price go up, then if no news, they will do the same thing and let it drop. Think about it, the amount of shares they are moving, each trade can net them $300-500 every minute or two..
Think about it.. if they buy 10,000 shares @.46, let it run up in a minute to $.49 and sell that is roughly a $300 gain. Do that every few minutes, and you make a killing.
I know I would love to be paid $300 a minute!
GLTA!! HANG IN THERE LONGS!!!
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