Thursday, January 20, 2011 10:34:24 AM
My favorite MM is sitting on the L2 with a 40-50% dif. between BID/ASK(if we keep them at 20-30% we win). This means their trying to get ready for another naked short run. The last few days because we kept the volume down they couldn't get above 20%, not worth their effort.Who do you think is picking up those EOD shares, just to trap investers in the following AM when they drop out again.
Let this simmer until the financials make their way out, the needed 8k is essential because it should show why they didn't need any venture capital to push their merger threw. They don't need investors at the moment, but will in the near future.
Be patient( you should already be sitting on your shares) and wait for positive PR so that they can't short you and then ride the wave. GLTA
Just some light reading on the MM sitting on the L2
http://stockreads.com/Stock-Newsletter.aspx?id=37995
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