Wednesday, August 24, 2005 1:48:32 AM
This M&M swapping has been happening since EOD volume hit under 3 million the 16th. When M&Ms saw all retail trading interest end. They sucked all the blood out of retail they could!! IMO
IMO today was the result of them chasing retail away, and 4 days of swapping couldn't draw interest back. They ran the PPs on no volume, (best & normal place they do this) to create a 24% increase, which should get the spec traders back, after 4 days of +/- 10 mill volume to back it up.
Agree or not here's how I read today!
Learn what the big guys do and do the same. If the double bottom confirms it's reversal at .028/9, I expect the M&Ms to run PPs to at least .046. But remember IMO the M&Ms control this and can stop it almost any time they want now. Real news can take control back in this move. IMO
PS: The last trade of 300 shares at the ask, is a signal, one M&M want tommorrow to gap up!
Luck!
Success !!! http://www.investorshub.com/boards/board.asp?board_id=3972 Welcome to my mind!
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