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Re: DebitsAndCredits post# 199543

Wednesday, 10/10/2012 2:35:30 PM

Wednesday, October 10, 2012 2:35:30 PM

Post# of 312016
It is like this:

The last 2 days, EOD (End of Day), the price has flirted with the 1 dollar mark.

OK..... lets assume somebody does not want this to rise. So, if there is a small trading volume, and thus, obviously, very little pressure to move this up, it stands to reason that by putting out there the clear 50,000 on the ASK, the message is that there is going to have to be a lot more pressure than has generally been the case around here or this thing is going to close below the $1.00 mark.

At all costs, it appears to me, whoever does not want this to go up is capping the possibility of a rise to retest the mark that was touched the last 2 days.

Bear in mind that, when you see the more usually seen 5000 (not 50,000) on the ask, it does not mean that NITE (or whoever) is not sitting there with 50,000 to offer for sale. All they are doing when they show 5000 on the ASK is they are keeping the real size from open view.

The same could be implied by putting 50,000 out there for public viewing.

for all anyone except NITE knows, there could be 500,000 they have they could put at this price.

In any event, the very fact they are choosing to show that they have at least 50,000 is them telling everyone that they are prepared to try to cap any attempt to go back up and retest the highs from the last two days.

Hope that helps.

Imperial Whazoo

"Just my opinions, folks. Do your own due diligence & make your own decisions. DO NOT... I repeat... DO NOT make any investment decisions on my comments. They are my opinions. That's all they are... OPINIONS."