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stangman46

05/25/10 2:44 PM

#14492 RE: dlfera #14491

Does anyone think we might see some action in the Power Hour. I have my eye on some other longs that at this point are looking more promising. If we are seeing action I want to put my extra funds in this to get more return.But if this is going to be flat for awhile Im putting it in my other moves.

backfill

05/25/10 2:56 PM

#14493 RE: dlfera #14491

Not always bad for us on the retail end, until you are fully invested in a position. Then, it kinda sucks and wears on your patience for the thing to go up.

I also think alot us us who play with pennies are kinda jealous of the MMs because we can't short pennies but they can (in the name of an 'orderly market', whatever that means). We can watch it go down, know it's going down further (can actually make it go down ourselves with just a few shares), and can't benefit from what we suspect.

MMs, on the other hand, can sell shares they don't own to lemmings like me and you who follow news and do a little DD, then turn around and whack away at the bid to cause a panic sell-off. They then just sit there in the current and suck up plankton like baleen whales.

Long story short, MM short selling can make you buy high and sell low if you don't have the patience of Job.