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hedge_fun

03/16/11 12:27 PM

#1603 RE: Ruellit #1590

You need to check the short volume. That's why you have these prices imho, as well as a need for updates from MWWC.

The short volume has been fairly high of late, and you got shorts trying to drive down the price with low bids.

When a long get's impatience and sells at the bid, others get antsy, and drives the price down as more sell.

I would say most have loaded up at these prices and waiting on NEWS for the next step UP.

The longer the LONG holds out, the higher the shorts have to cover, and actually can lead to rallies.

Updates are coming, imho. Be patient. If you got any extra $$$$, pick up some cheapies, and PO the shorts, by stepping on their bids. I have.