InvestorsHub Logo

fh6282

05/16/12 8:08 PM

#27128 RE: atcpaul #27127

Correct...I did say "havent see much selling" we are all here waiting...GLTA, Go ASYIE

yerliberal

05/16/12 8:32 PM

#27130 RE: atcpaul #27127

MMs have bidwacked to lower the PPS, triggering stop losses so they can pick up easy cheap shares. Been watching it happen all week, and last week. Easy money for an MM. Peeps set their stop loss at 10%, so a small bidwack triggers many automated stop loss settings, and the MM buys those shares. Then the MM buys a few at the ask, ticking the PPS up to make it seem like a run is in the making, and flips the shares they just bought. Then rinse and repeat.

HIS MONEY

05/16/12 9:10 PM

#27139 RE: atcpaul #27127

WRONG... IMO what you saw was the closing of short positions rather than selling of long positions.

There has been zero retail buying pressure for days and weeks and short seller along with MMs have shorted this to the lowest level possible, and they sold back the shorted positions to MMs accumulating long shares at the lowest PPS possible.

Again, IMO, this was all possible due to the apparent lack of retail buying pressure resultant for the latent 10-K.

Sure, there was likely some weak hands shaken in the process, but remember the MMs were accumulating all along... were there "whispers from wall street" or insider/outsider knowledge concerning when the 10-K would be filed??? sure seems like it the way this stock has been manipulated over the past several days.

These are just my opinions, of course.