InvestorsHub Logo
Followers 20
Posts 3160
Boards Moderated 0
Alias Born 08/22/2006

Re: PennyStockMania post# 36511

Tuesday, 07/13/2010 3:17:18 PM

Tuesday, July 13, 2010 3:17:18 PM

Post# of 83184
If you examine L2 closely you will see it is the same 4 MM's playing SGCP now that control direction.

NITE< UBSS< VFIN ETMM

We don't want to drop any of them , we want to see them raise their positions.

It will take some concentrated buying to cause a further Uptick today if it is going to happen.

NITE may drop the bid occasionally but he not only always comes back, he is the one who is most likely to create an Uptick.

When MM's increase or decrease their bid or ask on sidewise trading stock it is an important factor to determine future stock price movement.


You can not simply watch the bid and ask, you have to watch how the MM's are reacting.

Unfortunately there is no upward pressure on stock price and only considerable numbers of buys will put pressure there.

eye