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Re: gmoneypenny post# 10145

Wednesday, 02/02/2011 8:27:13 AM

Wednesday, February 02, 2011 8:27:13 AM

Post# of 14920
Lots of traders/flippers picked up 0002s on the bid a few weeks ago looking for the quick 50% at 0003; the 0003s never hit.

My guess is that the hundreds of millions that would have been for sale at 0003 are now for sale at 0002, because flippers hate dead money and would much rather get out even than just sit.

Thakfully they're not willing to take the 50% haircut and dump at 0001 either.

I think what you saw yesterday (I hope...) is perhaps an individual (or group) loading up in advance of either news or a momo push. There was really no other reason for the increase in volume.

all imo...