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Monday, June 07, 2010 12:15:51 PM
Now we need the buyers to step in and get this thing moving northward.
Most of the newbie buyers, who read the blogs and picked up on the PR hype this weekend, are probably a bit numb right now. They bought at the daily high, at the opening, thinking this was going to .0025 or .0030. Their buying power was used up in the first hour.
The long time flippers in here, sold out to the newb's this morning, and now they are waiting to see if it drops back down to the .0010-.0011 range again, before they jump back on the buying train. Their buying power is sitting on the sidelines.
Thus we sit, at a price right between the two groups...and now we wait. Volume has dried up, so it's MM game playing time.
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