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Tuesday, June 29, 2010 6:06:25 PM
The problem with your volume comment is the following (assuming for the moment that the MM's are short and we own all the shares): volume will follow price and they need "sell" volume--not "buy" volume. If they move the price up to a level at which the team starts selling, they will get the volume, cover their shorts, and can make a boatload taking it back down after we all exit and the unfortunate but real bag-holders take over.
They could indeed try taking it lower to generate sell volume. That have had some success around the .71 area with this approach, but it no longer seems to be working and seems, in fact, to work less and less as they go lower.
You're right. Time will tell. If you believe in the FLD concept (which is simply about a favorable share structure and MM/market behavior--not fundamentals), you should indeed buy as patience will be greatly rewarded. If not, you shouldn't. GLTY
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