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Wednesday, November 10, 2010 10:47:26 AM
and if today follows our normal pattern we will see maybe another 2m of action throughout the day mostly as taps to the ask.
though this just illustrates what we spoke about yesterday. if whoever got those 11m shares would of bought at the ask of 8 we would most likely be at 8/9 now if not knocking on 9/10.
so over 1,100 dollars we are in danger of a down tick instead of seeing a potential instant return of 1,100.
hence my point of bid sitting on down times but hitting the ask on up times. if we bid sit on up times this happens.
so whoever got those 7s congrats, they will pay off. but so would of the 8s and now they may even see red for a bit before seeing green.
another 2m.
and it looks like vndm is the player here. that is the mm to watch imo. if he stays off the ask not much will happen. if he jumps to the bid we may get to go up.
My charts are my own. Any numbers or timing are based on my interpretations of what I consider to be the most likely price movement. My interpretations can be can be wrong, it is always best to do your own charting.
Anything else I post is purely opinion
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