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Friday, July 23, 2010 5:36:47 PM
Some of the very intelligent people here have commented that people are dumping. But what they fail to mention is that someone bought them and the sells are extremely low volume compared to the buys. From the posts here, you can see that TEAM members are buying and some huge blocks are being bought from someone that is not posting here. People that buy these huge blocks are not in the business of making 50% and from what I can tell, 100% isn't worth their time either.
I had my moments of doubts early on in this process, but have since learned the plan is really simple. If you buy and HOLD, and the MM's have the duty of making a market, where are they going to get the shares from? It's simple. They have to raise the price to a point where people are going to sell them. Yes they can short, but only for so many. When they hit that point, they have to cover. And when the buying pressure is there, which it will be, they will turn on each other and go long. And it will be an amazing site.
I used the color to help some folks out.
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