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Tuesday, May 31, 2005 11:50:05 AM
MMs ran it up 22%, selling 8.5 mil of the 10 mil they got from day traders FRI, in todays rush hour.
Then they ran it down 11% in 15 minutes on 1.1 mil & 20 trades.
Then the opened spread to .016/.0175 and swapped 360k on 6 trades at .0165/.017.
They are working, and working, and working. Their proactive move here the past 3 trading days has created a completely controled stock!! IMO We no longer have a free trading tnog.
Now during lunch hour bid/ask jumped up again! IMO If your trading today, your getting played worst than Thur/Fri last week.
Watch the EOD volume of around 28 mill and the PPs to end .014/.016. I say this because IMO the MMs sold 10 mill for profits, will swap fest for renewed interest & draw in 10 mil, then run down and accumulate 8 mil more in their inventory range of .014/.016.
All a complete guess! My guess is they have us by the BBs. If my call is close, we have a long wait for a free trading stock again. Only a great PR & huge day trader volume will take stock back from MMs new little profit center.
Success !!! http://www.investorshub.com/boards/board.asp?board_id=3972 Welcome to my mind!
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