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Re: moxy7 post# 20763

Friday, 09/10/2010 11:08:51 AM

Friday, September 10, 2010 11:08:51 AM

Post# of 48944
Look, if this hasn't bounced from 0.0002 for this long, it's intension of shorts, they want to cover on 0.0001. You think they will cover on 0.0002 after they saw 150M dumping in 1 minute last week?
It's very possible, this will hit 0.0001 very hard before it moves any direction. Shorts have much stronger than bagholders.

Most of volume you saw on 0.0002 were from MMs buying/selling between, shorting and covering, waiting it to hit 0.0001 hard. they short on 0.0002, then wait for certain days, cover on 0.0002, then short again.