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Re: GumSaiLay post# 8010

Friday, 12/17/2010 10:49:25 AM

Friday, December 17, 2010 10:49:25 AM

Post# of 34471
That is what I believe is going on as well. We have a quant that has no problem going very short, running a finely tuned (over the past 12 months) CCME algorithm. The algorithm was very effective in the $8-9 range before IR PRs tipped the balance out of their favor. Their algorithm is running very well now in the $15-17 range, but that is about to change. The increase in volume is the tell that there is about to be another shift upwards. The algorithm can only work so long as there are sufficient "fickle" buyers that can get wacked at the current price level. The news will start sending things higher as soon as the fickle buyers get replaced by the new investors that are pleased with the divvy news.

I think the next wave of buying has clearly begun and we will begin our ascent into the $20s very soon. Once we get there it remains to be seen if the manipulator continues to try to play games at the new base we establish.

All just conjecture of course, but it fits the scenario.

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