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Re: the guru post# 527

Sunday, 03/13/2005 11:16:28 AM

Sunday, March 13, 2005 11:16:28 AM

Post# of 30354
Hello guru, nice to hear from you. I picked up a few shares on Friday, considered it a buying opportunity that I couldn't pass up. You make the observation in your post,'looks to me that nwes are in the accumulation mode behind the curtain'. I'm not quite sure what you mean by that. After thinking about it for a day or so, I think Friday was a day the MM's saw nothing on the buy side and decided to create a market by walking it down. After awhile it just snowballed and the weak handed longs and daytraders fell by the wayside. Throw in, as some have said, the MM's shorting the stock and we have the makings of a buying op. for longs. Absent news I can't think of any other reasonable explaination for the plunge. Monday should be interesting, as well as the rest of the week. A significant PR 'before the open' would be something, wouldn't it! I can dream, can't I? Good Sunday to all from the sunny Jersey Shore.
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