Followers | 9845 |
Posts | 260035 |
Boards Moderated | 4 |
Alias Born | 12/27/2006 |
Thursday, September 30, 2010 8:25:08 AM
You said it perfectly here:
I agree that there is no mysterious magnet that suddenly pulls the pps down
MM's only do what we tell them to... if I put in a sell order, my broker (Zecco) routes through NITE (or ETMM if I was an eTrade user)... so I put a seller order in, and NITE will either hit the bid for me, or sit on the ask for me (depending on what I put my sell order in at)...
Yea, MM's drop down like in your example, but that's because someone has "told" them to via putting in an order...
Many examples out there, but look at HLNT on 9/6/10... for the believers of gaps, they would have totally missed out on a HUGE move b/c they were "waiting for the gap to close", which never happened... as you said, there is NO magnet that pulls the price down...
Read Testimonials - go here
FEATURED Are we about to see a comeback? Steakholder Foods Charges Forward with New Commitments from Multiple International Players as it Transitions to Revenue Generation • Nov 18, 2024 11:56 AM
FEATURED North Bay Resources Announces Production of Gold Concentrate and Refinery Shipment at Bishop Gold Mill, California • Nov 18, 2024 9:00 AM
One World Products Sets New Standards in Sustainability With Strategic Hemp Innovations • OWPC • Nov 18, 2024 7:54 AM
Kona Gold Beverage, Inc. Updates Multi-Million Dollar Merger and Posts Over $1.2 Million in Q3 Revenues • KGKG • Nov 15, 2024 10:36 AM
HealthLynked Corp. Announces Third Quarter and Year-to-Date 2024 Results with Strategic Restructuring, Third-Party Debt Repayment, and Core Technology Focus • HLYK • Nov 15, 2024 8:00 AM
Alliance Creative Group (ACGX) Releases Q3 2024 Financial and Disclosure Report with an increase of over 100% in Net Income for 1st 9 months of 2024 vs 2023 • ACGX • Nov 14, 2024 8:30 AM