Thursday, October 06, 2011 10:47:03 PM
MM's Holding this one a bit longer...?
NITE moved in at .0328 for the last 40 minutes or so with hidden size, showing 5000 shares.
With a two minutes to go, it was slapped for 10,000 shares and moved off the ask (after being slapped earlier and not moving), and then quickly 2000 shares were traded at .0356 (the close). Immediately after the 2000 shares were slapped, nite was back on the ask at .0328 again with his hidden 5000 size.
If you look at the chart, you can tell the MM's are in control of this stock until buying pressure really overwhelms them. There are bullish candlesticks forming off of the base support 3, and is opening upwards after coiling up after an exaggerated sell-off.
The next few weeks for MSMY should be very good!
Looking for .06 very soon. Would be sweet to cross over some moving averages back on the bullish side of things!
GLTA
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