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dannol48

05/14/10 8:58 AM

#18454 RE: marketschmarket #18453

I'm honestly not seeing a ligther true retail volume. If you unwind the manipulation trades that operate in daily sell-short/buy-to cover, there is steady trading that's more typical of BB's with MCLN-size float. Obviously, the day-trading of late last year hasn't returned (yet).

I agree with the current PPS as an opportunity, and that might be a good reason for the day and swing traders to return ahead of the 10-Q and news.

The push-down still suggests good report to me. No conviction to hold short on that side of the trade is good sign there is something they fear. The short and cover to get lower PPS is an accumulation play (IMO). Otherwise, why not let the PPS rise and short into the high for next round of post 10-Q sell? It suggests a round of buy and higher PPS, not sell is coming and the current trading play under consideration (IMO).

Please understand, I'm interested in the long position and not the day trading. So, please folks, take my observations into consideration before taking any position.