pennypyg, seems to be a new trend
in MM tactics. I've seen this week where in the pre-market they gap up the price on stocks with afterhours news 10%-25% on some plays, then when rightfully excited investors enter after the bell it either doesn't move higher than the gap, or doesn't move then a slow walk happens.
It's not in every case, but in more than a fair share of similar plays this week. You almost have to play momentum trading (which I don't, but some are good at it) or catch one early that lists good news during the trading day. Even then you never know. But the gap up and short lived (or no lived) run after the bell (20 minutes tops) is the lastest trading practice becoming more prevelant. They hold the price on high volume buys and drop prices on such small sells, creating the mini-panic/selloffs soon into a trading day on stocks with good news, then turn around and let other stocks soar on nothing.
It's tough out there.
GTG. Later all,
Bo
