8000 Incorporated (EIGH)

[mytigger]

BID SUPPORT = Supporting the ASK with a pps that is just under it. It usually includes splitting your order b/w the ASK and a pps just below it.

For example we are currently at .069. Solid bid support here would be between .068 to .0689..... .064, is not bid support, if it gets filled it's a bid whack. You have just devalued the shares of the guy who is willing to buy the stock as part of your team by nearly 10%. How do you think the guy behind you is going to react when that happens? I'll tell you... he'll move his bid to .61 or .60 and try to get his shares even cheaper.

Here's the deal, even if you're not aggressively buying you can still offer bid support - but this has to be done as a team. If we have people at .685, .68 and .675 offering support - we go up. If we fluctuate between trying to help by slapping the ASK and being in a perputual hunt for a bid whack then we go up-down-up-down-up-down..... sound familiar?

If you want the pps to go up, help by offering bid support. PM a couple people you know are buying and do it together, the more substantial the support the less likely it is to get taken out. And as ASK SLAPS come in and the pps rises, raise your bid support. It's really quite simple.

Hope this helps everyone....