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Tuesday, June 29, 2010 1:30:29 PM
That mms can also use bidsitting to their advantage to cause a panic sell; a means to take the price lower; or help them cover. So then you will probably STILL sit on the bid and buy 3`s, 2`s, etc... And all you are doing is averaging down.
The lower HFBG goes; the earlier flippers who get the cheaper shares will flip the stock; and we won`t make it very far back up anyways.
Also you bidsitters are playing right in the hands of the bashers and you may not even realize this.
If I had dry powder I would be using it on the ask and help to move this up even if it means getting out with a smaller profit. Not bidsitting and helping to keep this stagnant or helping to cause it to drop more.
imho fwiw
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