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Thursday, July 29, 2010 1:19:39 PM
I really don't think its a coincidence that a new MM showed up today AND it just so happens that we see this high volume. My guess would be that news is incoming OR, this is just MM's covering. Could even be a combination of both. Too bad they do this s*** on thursday since they know that many traders refuse to go into the weekend still holding shares, resulting in a drop in pps for many stocks on friday.
But, if volume precedes price, perhaps next week could really blow us away.
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