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Re: elysse1kittycat post# 29815

Monday, 02/28/2011 10:23:49 PM

Monday, February 28, 2011 10:23:49 PM

Post# of 92948
I know you want me show and share daily trade situations and ACTC was tradable today. Its trading range today was .173 to .178 or a 3% gain, and all in the first hour. $85k was the total value of trading today. But more important - the doji candle that was formed. It means major indecision with no one interested in kicking this can.

The MM's must move it around but with buyers and sellers unwilling to hold more than a few tenths of a penny either way, their hands are tied. They can create a rally or a sell-off, but neither would be of any benefit to them. They have lots of shares saved to handle the next big rally. They are the sellers and buyers of last resort.

Their charter rules they agree to is really interesting and I strongly advise all to familiarize yourselves because they move it around 80% of the time. Go to investpedia.com - its a good place to start.
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