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Jay Walka

10/14/06 11:22 PM

#28480 RE: acrazjo #28478

I wish somehow we could contact every shareholder, and teach them about a shake, and wut type of games the MMs play, and help convince them to hold tight because it would make us flyyyyyyyyyy. If less informed shareholders understood the game, we could all become rich.
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Phisherman

10/14/06 11:24 PM

#28481 RE: acrazjo #28478

The MM's can play all the games they want, but it doesn't change the fact that if nobody is truly selling, they have to raise the PPS. Plus, there is a time limit. Usually there isn't. That changes things.
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el0ver

10/15/06 12:13 AM

#28503 RE: acrazjo #28478

True, we have a lot here that keep buying at the bid because they are too cheap to buy the ASK. They need to look at the big picture at how much money they will make from forcing the shorts to cover when the ASK keeps getting hit continuously by buyers. People need to be buying at the ASK and selling at the ASK.



When they buy at the bid, they think they are getting a bargain, but they are helping the MM's take the price down by giving the appearance that huge selling is taking place and then they create the "snow ball affect".