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Re: moneyflowsmyway post# 12020

Thursday, 08/05/2010 7:46:04 PM

Thursday, August 05, 2010 7:46:04 PM

Post# of 26968
Tell me about it. IMO, the MM's weren't finished accumulating shares. They closed this at LOD each day this week and continued to force it down. The PR did help, but you also had the pressure of selling from those who may have bought in the 3's, averaged down and not are out with some gains or small(er) losses> All things considered, this was a good...and important day.

I don't necessarily believe the volatility is gone, but this week did help clear the channels of some who just wanted out and some of the traders where were working on a quick buck. Don't be too surprised if tomorrow's pps gains surpasses today's. I repeat, today's PR was significant in the greater scheme of things....perhaps in more ways than would be evident right at this moment.