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skibum2k

05/02/10 3:29 PM

#1440 RE: jim1234 #1439

Nice post ALAN! Thanks!
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was stock4fun

05/02/10 3:37 PM

#1442 RE: jim1234 #1439

You think it will benefit us if we put in a buy order at a lower price?
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kris_kade

05/02/10 4:23 PM

#1449 RE: jim1234 #1439

I think this is what happened which doesn't seem too far fetched.

Someone who knew the positive news (hedge fund probably) shorted or sold substantial (100K would do) at market while having buy orders in place much lower to scoop up all the stop losses.

THis is not illegal and simply some smart fund manager took advantage of all cumulative stop losses the retailers had on this stock.

FYI, I have done it myself albeit on much smaller scale (sold 5k at market only to have my limit buy orders at lower price get filled.

Obviously there is risk if the Sale at Mark may get aborbed quickly that the seller would end up loosing his shares. But keep in mind, in POZN situation, everyone including my neighbour & my lawnmower man was maxed out. The only mistake such retailers did was to have that STOP Losses order.

Bottom line, smart money stole the cheap shares like a candy from a kid. Did anyone hear of 'shaking a tree' ??
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The_Bull

05/02/10 9:03 PM

#1470 RE: jim1234 #1439

I personally have put in a sell at 25$ for I would be happy with that.....glty
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$pmlg

05/02/10 9:15 PM

#1472 RE: jim1234 #1439

12.16 12.65 13.15 14.08 15.85 17.74 18.77 19.75 21.10 21.90 blue sky!!!

There are the last set of nos...I agree with ex MM...(tinamarie hope you are reading his post, as you didnt agree with me that MM may indeed attempt another raid) that

We do that in Canada all the time...cancel trades...dont know why SEC doesnt have the ballz to do it!!

I have called the R and S from it trading at 7 up correctly to even the 13.15 call of R afterhours friday...but going forward monday , there are a few left to 20, then blue sky...

so this ex MM is right...make them pay for the shares, put offers WAYYYYY UP there...kinda like the float lock down squeeze plays I am involved with...where we bag 5x to 10x when the crooked MM decide to cover their naked and shorting...

what is left of the R and S to 22 IS:

previous set:

12.16 12.65 13.15 14.08 15.85 17.74 18.77


21.90 21.10 19.75