News Focus
News Focus
Followers 5
Posts 199
Boards Moderated 0
Alias Born 02/15/2010

Re: PENNIEStoSTACKS post# 2442

Thursday, 06/10/2010 4:08:09 PM

Thursday, June 10, 2010 4:08:09 PM

Post# of 19899
Everyone likes to blame the MM's, but the truth is they move the price based on the # of shares available (in thier inventory) and demand for the shares. If the shares coming into them were sold at a higher price and they are now purchasing at a lower price then they are making out. I don't blame the MM's. They could bump the price up, but if no one is buying that high then they aren't moving shares. they are buying at prices they feel good about and selling at as high as a price they can get for it. Right now there is no demand for this company and if ppl keep dumping shares into the bid they the price will only continue to move south.

Discover What Traders Are Watching

Explore small cap ideas before they hit the headlines.

Join Today