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Re: spongeni post# 16006

Thursday, 03/24/2011 12:48:34 PM

Thursday, March 24, 2011 12:48:34 PM

Post# of 278644
The action over the last month or so looks to me like MMs are willing to pay .065, .066, .067 or even 7 cents for shares, but won't let it go much below that as it will bring other buyers in to scoop up shares that they want for themselves. They keep knocking it down as far as they can in order to collect their shares, but when different money comes in, they let it go back up to where others won't buy anymore, and then start the process over, knocking the price down as they can. It looks to me like the MMs know this won't go below .065. As it looks like they are willing to collect shares in the high 6s at this time, I'm led to think they feel it will break out upwards sooner than later. I'm thinking the 1 month target must be about .15.

All just personal conjecture and my opinion, but it adds up in my mind.
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