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Tuesday, February 08, 2011 10:35:52 AM
I do not believe that my purchase will have ANY affect on the PPS for more than 2 minutes, if that. Several of my past purchases have been at the ask, moved the price up a tick, only to have it knocked down again within 5 minutes. What good did THAT do???
The only thing that is going to have any lasting affect on the PPS is NEWS. A PR, FR, or the lack of any communication at all will move it up or down, not little 'ol me.
What I, and others, can be is speed bumps. If some foolish investors gets chicken and tries to sell, then these orders can absorb the blow and help keep us from going down to triple zeros.
Everyone plays out their own strategy
Charlie
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