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Re: johnnytrader33 post# 805

Thursday, 03/01/2012 1:56:49 PM

Thursday, March 01, 2012 1:56:49 PM

Post# of 2222
What do you mean look where the mm's are sitting, I'm seeing plenty of bid support from .50 up with 250k bids at .50 and up.

I also see a couple large trades of 99,300 that went through at .5184 a few minutes ago and 93,400 went through at .52!

I believe you're seeing shorts continue to cover. Drive the price down on smaller sales and scare the investor to sell into your big buys at the ask... Not much on ask yet, they gotta make it look weak first and get a bunch of people trying to sell!



And regarding your ".3796", maybe NITE isn't trading this... Who cares where NITE is sitting as they're making their $$$ on the pinkie penny stocks - (If you'll notice, NITE's ASK is at .5576 and VNDM's ask is either non-existant or below what I can get my screen to show)

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