William2112
On a day like today, I would agree with squ1dk1d. Play the MM plays. 4 cent gap down, 30 mill 1st 1/2 hour dumped and 25 mill 1 1/2 hours after. Lots fo happy market makers, just like there were lots of happy traders last week.
The daily BB and DMI short term chart will follow the PPs moves accurately, but this stock is in the hands of the MM now. It could turn in a second, if they want. Put yourself in their heads, where would I want the PPs to go to benefit me the most.
I would want to run this thing up and down as much a possible to get as much volume as possible and end with the PPs as low as I can get it. This should be the pattern for the next several days, until weak handed traders and daytraders start to leave and longs just won't let go.
Once I saw the play slowing, I might pop a mini run in, to keep them around as long as possible, When you see the volume 1/2 and 1/2 again. If you see large block buys, it's the MM's loading up at a PPs level, it should start to base around, and their buying would cause that mini pop. The play days are over after that. Just a steady walk down until something else happens to draw interest back!
This could alter, depending on any PR's or if all the great press acquired at major news companies draw new interest. IMO the short 10 day - 2 week chart evals will become some what unreliable, because buying interest left and MMs have control again. The longer term charts will continue to show a long bullish trend as long stockholders understand the potential has not gone away, just the speculators.
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