Saturday, December 24, 2005 3:17:42 PM
Bobby, one aspect down here in penny land is that the big movement players are either the MMs, day traders, and swing traders who sell to make a few sheckles every chance they get. We don't have a huge amount of true longs and their just sitting and watching does nothing for the pps. We don't have any institutional buyers down here. So expectations of PR and the longs buying more, somewhat begins to increase the pps. The day traders see this and buy and then they, as well as the swing traders dump after possibly a small rise. And it goes back down. As someone said a couple of posts ago, this should change when we have a confirmation of the Circuit City rollout and there should be a sustained upward movement as new, long, money buys those day trader shares, and any that the swing traders left on the table. I might add, to their sorrow.
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