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knack

01/31/11 10:29 AM

#115097 RE: Jco86 #115092

I would love to see that. On another note if a MM or MM's still hold a huge short position in SYNJ they will continue to drop big naked short sells @ bid to shake out the week hands. I thought it was interesting we had pre-market trades going on almost 10 ninutes before the bell. At that same time we lost three MM's off the bid. All orders are still in place they have just been consolidated to 2 MM's to make L2 look bad and help the other MM's cover their short positions before they let us run. Simply put: MM's with short positions will work together to put all buy orders on only one or two MM's and thus it looks like MM's are droping off Bid!! They then Drop a couple huge sales on the bid to bring the price down (These huge sales are short sales) This scares people and they subsiquently join the short MM's and start to dump their positions thus holding the price down and alowing the short MM's to cover... imo