Replies to post #20484 on Relm Holdings Inc. (RELM)

[Mike87]

Think? It lets me KNOW the stock is being maniuplated. We UT off of a few mill this morning with no problem, lol now, 30mill later, we DT and stay there.

I really don't think its a coincidence that a new MM showed up today AND it just so happens that we see this high volume. My guess would be that news is incoming OR, this is just MM's covering. Could even be a combination of both. Too bad they do this s*** on thursday since they know that many traders refuse to go into the weekend still holding shares, resulting in a drop in pps for many stocks on friday.

But, if volume precedes price, perhaps next week could really blow us away.

[ERoche]

was there ever any question that is was being manipulated.
the MMs had to get there 31 mil in cover today as I said in a few previous posts, todays volume surge proves the timing cycle is stil intact. The Buying the MMs had to do because no one was selling likely accounted for allot of the early volume.'


As it always does the buying begets more buying and folks started buying in thinking something was up beyond just the MMs covering there shorts for the day.


They then appear to have resorted back to there short sale on the bid and filling ask buys at bid to create the appearance of folks leaving when they were really buying. and started walking down the ask on buys.

textbook for the way they have been playing it. the sad part is even ask buying can look like selling and cause the other jumoing on the voilume train to jump back off taking the artifical bid with it.