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Tuesday, July 30, 2013 11:28:28 AM
It's actually becoming hilarious how this trades. I congratulate the swing traders, even if it has been luck, to play this market maker stupidity and make money with them.
Meanwhile, we longs sit here patient, saying the Judge will rule, and simply watch the pendulum (and the pps) swing back and forth ad nauseum, while swing traders keep making money.
I am not sure who is selling every time this moves higher, yes the shorts have a hold on it, but apparently there aren't many shares left to short, so someone is actually selling every pop.
Which is fine, but it is getting hilarious. Its almost as if the market makers are colluding and saying, hey, watch this guys, then laughing....
Wouldn't surprise me at all...
sigh....I am going to ignore this stock for a month. I'll set an email alert for news, other than that, I'm tired of this stupidity from the Judge et al.
Only other logical explanation is, the MM's are doing this on purpose to try and get longs to sell the 'pop' so that they can make the big gains.
If you keep doing this swing up and down until there is news, what happens when there is news? as many on here have said, and on ST, 'trapped longs' want out.
Each and every time we see the pop and fade, it gives more ammo to that mm strategy and tires longs (as I have stated) out more.
Perhaps that's their goal, I have no idea. I for one will sell once I have done the math on the 2 key catalysts I am waiting on, Google and ZTE. Until I know the math there, until the pps hits my target, I hold.
Not sitting through a year of this crap just to make 15%.
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