News Focus
News Focus
icon url

amc

12/05/09 1:40 PM

#54366 RE: B*A*N*K*E*R #54344

I agree, this was very controlled trading yesterday and I believe it will continue as it moves up, giving the MM's the opportunity to move shares around at each level and continuously building to new highs.JMO
icon url

Bigdogs

12/05/09 1:55 PM

#54367 RE: B*A*N*K*E*R #54344

Tbennett,

Great summary and excellent post. You are right on with regards to the MMs. They are and have been controlling the Bid/Ask for several weeks trading back and forth between themselves.

If you noticed on Thursday when we gapped down the MMs knew the Momentum upward was so great that the only way for them to slow this down for the day anyways was to gap it down and scare out a few weak longs.

This was so obvious as soon as I saw the premarket.
I have seen them do this countless times to stop any momentum.

The difference on Friday was they looked to be accumulating as much as possible and any pullbacks but also controlled it to make sure it didnt run too far. This could of easily closed at .03 had they let it but they still want alot more shares.

Monday I can see this easily hitting the .03s - .04s and basing out their for a new Channel.

Im totally with you that you have to find the right stocks with the right management that know how to build solid businesses with tremendous growth oppts. going forward to grow their revenues exponentially.

Dean is the right man to follow at the moment and the 350 million in Funding is solid proof that they trust Dean bigtime in building this into a Billion dollar firm quickly and the right way.

Going to be a tremendous next few weeks as the story unfolds and the MMs will let this go at some point bigtime and then will fill the gaps and continue to break the upward channels along teh way.

Great DD and looking forward to everyone doing well on this very rare pinky play that really could change lives as far as how far this can go on the upside.