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Re: punk153 post# 26448

Saturday, 06/18/2011 2:20:25 PM

Saturday, June 18, 2011 2:20:25 PM

Post# of 54312
The trading pattern on this has been todate, falling into the manipulators hands. First and foremost is that as a job they pick and choose their time of attack. No bid support lets them drive it down at will. The second is that after a drive down they suck up buys at the ask until sufficiently absorbed as buyers look to score on what they perceive to be a good deal. As the buying cools off they drive it down again, alittle deeper each time causing a next level buying at the ask activity. This has become what appears todate to be a never ending story. So it appears that it does'nt cost them that much as they are confident that this trend is on going. What would stop it is not buying at the ask as folks would believe but having a very large wall at the bid to keep the downward trend from occurring. I've seen this type of attack occur before and it works!!! Keep pushing upward to create a reverse trend. But todate there appears to not be any entity desiring to do this, MM's or HNSS. So when people buy at the ask thinking they are doing the right thing for the PPS their are actually falling into the hands of whoever is behind this manipulation! It appears that stacking the bid would at least prevent free fall...