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Re: A deleted message

Monday, 07/29/2013 4:35:29 PM

Monday, July 29, 2013 4:35:29 PM

Post# of 380528
Could be true. But, I've been studying charts and trading the markets since the 80's when you had to call your broker and pay $100 a trade in commissions. This has a pretty tight float for the amount of shares it trades on a daily basis. When you get a gap like we had today, nobody is selling. That causes a shortage of shares. When that happens, the M&M's are legally able to naked short to cover buying demand. They must eventually cover those shorts. As the day goes on, buying starts to dry up so the M&M's work together to bring the share price back down so they can cover their shorts at a profit. I think that's what happened here today. Don't worry, this stock will be breaking new highs before you know it.