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trade2much

05/12/07 7:46 AM

#237 RE: Wirog #236

Wirog it would seem that if RBCM the old CLYP (not my favorite MM, usually a net seller in other things) were seriously trying to hold this down, it never would have jumped 80% in two days. Imho, many times big sellers get tired toward the end of the lot and many times put in market orders to unload the final shares, dropping the price and creating a little get me out of here mentality in others, consequently it exaggerates dips many times. If my theory is correct (and it seems to be on many dips) the downside is over exaggerated then if it was a 504, or something of that nature the lid comes off suddenly and pent up pressure may cause it to rise sharply.


As most would agree it was a great week!

imo Now if we can consolidate and hold for a day or two, and then, as a learned mentor of mine says, "slowly rise, we shall be much better off"lol.