InvestorsHub Logo

LOL

Followers 157
Posts 20365
Boards Moderated 1
Alias Born 08/21/2003

LOL

Re: Celtics2011 post# 3879

Wednesday, 02/27/2013 9:30:18 PM

Wednesday, February 27, 2013 9:30:18 PM

Post# of 46528
That's a hard call! 35c had a lot of resistance on it too, going back years, and the stock blew right through it. Everytime I've thought there was going to be a pullback it hasn't happened, people for the most part are just not selling. Plus it's really clear the MMs are fighting for shares themselves, topping each other trying to be in pole position on the bid, which will make it harder for retail to buy back in. Many have already tried to trade it and ended up buying back in at higher prices. Plus there is the fear that good news could come out at any minute, whether it's an announcement of another lawsuit, or a settlement offer from Activision.

"You take the blue pill – the story ends, you wake up in your bed and believe whatever you want to believe. You take the red pill – you stay in Wonderland and I show you how deep the rabbit-hole goes." -Morpheus