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Re: DADDY FAT SAXX post# 312

Friday, 05/27/2011 3:36:40 PM

Friday, May 27, 2011 3:36:40 PM

Post# of 1821
I am finding L2 way too frustrating right now. This stock is just itching to break out, but NITE is keeping a lid on it hoping to get more before it runs. Or worse, maybe they're just trading it on the spread they've created. .33 bid , .37 ask is a 10% profit I guess, so I cant really blame them, but for god sake's get out of the way and this could break out!

I mean, I have no way of knowing for sure thats going on, but NITE sure likes to stay high on the bid and low on the ask, so thats my take.

Some big volume this week hopefully took some shares off the traders hands. NITE keeping the lid on this is risking lowering their stake if we do get a nice PR suprise.

Any other opinions out there as to why the buy pressure is so heavy but we cant seem to push through? A penny stock that moves up slow is alwasy better than a quick gap up (then tend to sell off within days if not hours), but it seems that the PRs lately and the current relationships (let alone the potential) we have should be enough to get our wheels out of the mud.