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Re: None

Monday, 10/11/2010 11:21:34 PM

Monday, October 11, 2010 11:21:34 PM

Post# of 93372
Should have been in 29-31 range today, at the least.

Here is my opinion on today's situation. About lunch time someone got fidgety because the action wasn't happening fast enough and figured it was better to exit than stick it out. That brought the PPS down enough for someone to set a sell point of .002. I'm unsure what the rules are for MMs to snag sell orders, but they filled that order when the PPS was at .0025. Before that there was a great amount of buying pressure building which was totally killed by the sell order of .002.

Because of this dip, there was a long road to a new high for the day, and other people started exiting even though there was buying pressure building again that would have brought the PPS back up to at least the high of the day.
We can see new highs tomorrow if there isn't panic.

Those who say "I'm glad I got out when I did," should realize that there was artificial momentum by the MMs (IMO) that was for a fool's choice. The PPS could have been at a better level had the sold-shares stayed.

IMO

Best to all.