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Wednesday, March 23, 2011 9:42:31 AM
Here’s my point. If you put yourself in the MM shoes, they have been accumulating a lot of the float at rock bottom prices. Someone has, without question, been stabilizing the price to induce panic selling and they have not let this get to a point where the price is so low that stake holders will just hold and wait it out.
Where is your proof you ask? Well just look at the amount of selling that’s been going on since last week and we only down 1 tick maybe 2 a day. My guess is the MM” have accumulated about one billion+ shares since the sixteenth and yet we are still at 5x6. I mean look at amount of sells @5 yesterday, I don’t care what the size of the float is that is enough to bring down any wall. The moment 5’s hit the bid they were bought in minutes and we were back at 5x6 with the MM’s buying all the 5’s they could their hands on.
If you are at VERT , I say VERT because they are most certainly the AX on this ride, their A/D line looks very different than ours. So the question is why would a MM buy up as much of the float as possible without bring the price done to quickly? I would guess they are in a very powerful position at this point.
Would love to opinions on this phenomenon.
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