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meikodog

06/24/10 6:14 PM

#138181 RE: LostTexan #138180

One would have to assume, given 88% shorting! May have been someone with 200k or so sitting at the bid and the mm's decided it was worth it to add that number of shares to their short pile to once again give the appearance of weakness. Then at .365 a small order sent the bid to .36. Nice EOD action to get us back over .38
Looking forward to next week at this point....
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meikodog

06/24/10 6:14 PM

#138182 RE: LostTexan #138180

Let's keep this under wraps until next week, I'm away from a computer all day tomorrow lol
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Ex Blockman

06/24/10 7:39 PM

#138203 RE: LostTexan #138180

There is a buy for every sale. If someone was sitting at .38 waiting to get filled, he was obviously hit with a seller whether by another shareholder or by a MM. Whether termed a red trade or not, someone was accumulating all the sells today.