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Spokes

08/02/05 3:42 PM

#147737 RE: multivalue #147733

Equal buying and selling pressure. Pretty simple IMO.

malebaboon

08/02/05 3:51 PM

#147746 RE: multivalue #147733

multivalue - IMO the story is the same as it has been for some time now - there is a short position here and the last thing they can afford is to reveal their existence and/or allow any significant increase in PPS on volume. They must sell at these prices to all buyers - any cost they absorb here is bound to be much less than the costs they would absorb in a run-up. They have worked really hard to drive this price down, and they want to cover here at these levels - not higher. Sapping the buying (like they have done on several recent days of buying pressure) is the way to discourage momentum players and value hunters.

MB