Tuesday, May 15, 2012 6:53:24 PM
In case some have never read this before (an excerpt Copied from a write-up by a former Professional that worked in the Market Making and Hedge fund investment field).
(Step 3 & 4 is where things have been for the past several weeks and where it seems some former Longs Bailed in this latest dip during the past week).
The tricks of the common MM are plenty and step 1 is only the begining my impatient friends. Here's how it works in a nutshell, this is common practice so many reading this have probably seen it happen before.
Step #1. Is to drive the price down causing confusion as well as setting off an accumulation by investors.
Step #2. Is to make the price fall a little more causing panic selling.
Step #3. Trade it sideways for a while to get shares back from impatient investors that were looking for the quick buck.
Step #4. Drop the price slightly again to set off a little panic in the longs that just watched the stagnant market for a while.
(Step 3 and 4 is when there will be MM accumulation)
Step #5. Run the price up and unload the inventory at a premium and start the whole process over.
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