Muscle Pharm Corporation (MSLPQ)

[hotrod34racer]

MSLP Today

Today we had more of the MM churning of the pot like the last few days. I did notice that there were around 400,000 in very large sales towards the end of the day in the .052-.054 range.

Things I saw today that I personally like to see:
(1) day opened with a good upward price gap
(2) when sales did come in the floor didn’t fall out of the bid side of the L2
(3) about 35% higher volume than yesterday
(4) more buys today than sells
(5) It ended green! Even if it’s only 2.04% I’ll take it


It appears that the .05 mark is the bottom, the MM’s are not letting it go any lower and due to contrary belief if they want it to go a direction it will, they have that unfair advantage of being an MM but still doing the job to make money hence they can get hurt just like we can and I believe that pain barrier for them is at anything lower than .05 at the moment. So if the trend is changing tomorrow or Monday there should be just a bit higher volume and again more buys than sales, the price may not go higher but it shouldn’t go under that .05 support line either IMO and if we can just get another 2.04% for say, for ever! I’d never sell it! Lol…

P.S. how did that story go? Slow and steady? Or was it first your money then your clothes? I’m so confused! Rofl



Thanks again for letting rant about MSLP and have a great Friday trading guys! Happy new year to all.

Cheers \_/