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Re: bigarow post# 8171

Friday, 05/21/2010 1:22:06 PM

Friday, May 21, 2010 1:22:06 PM

Post# of 23620
I think you have a team day traders walking it down.
Had to know it would come with so many of them showing up.
10 of them or so, they buy at bid, buy and bid - put some up at lower bid - buy at bid and walk it on down unitil it hit some poeple stop losses. Yes, some poeple even put stops on pinks.
SOmeone probably had a stop at 12 - it hit. Then all the others who bought at under 10 somewhere start getting concerned and we have a bunch of people who start taking profits at 12ish range thinking they will get back at 9 or something.

Once you see the crowd of day tradders show up you just have to know a big pull back will be enginneered, so wait for the day like today and use the operetunity to pick up some more. I feel for the people who bought at 16-18 range thinking it was going over 20 based on all the new blood. Bu tit is not going over 20 until more news. Until then it is all tricks.