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Alias Born | 03/28/2012 |
Tuesday, July 03, 2012 1:13:29 AM
For the past week or so the MM's have been extremely thin. In a perfect world, theoretically a measly $3- $5K could have taken the MM's out on the ask. They say a picture is worth a thousand words so here is what I'm talking about....
I know, I know, the chances of hitting $100 are very remote but there is a possibility. Especially with only 2 million shares in the float. A few times last week we came extremely close to $2.00 then $100.5 was only 500 shares away.
We got down to the last 10,000 shares and a buy came in for $10,380 which the MM's held for about 15 minutes or until enough sells came in after raising the bid. Damn weak hands!
It looks like the MM's finally got new inventory this afternoon so hitting $100 is even more remote but if everyone would hold out and not sell when the MM's make it attractive we have one of the best chances I've ever seen of really making a big run! The quotes today in time and sales IMO show this baby is ready to break loose!
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