The Market Makers need volume to make money, so on days where there isn't so much volume and buying pressure, they will try to induce volume by bringing the stock down to create volume. If buyers come in they will let the stock go up according to volume of buying pressure. Or if there is alot of selling at bid they will run it down until buying pressure at the Ask comes in. If there is only pressure at a certain point (Bid support) they will continue to go back and forth bouncing around, as we have seen, until there is pressure to one side or the other. The more volume, the more money they make. They make money whether we go up or down. Yesterday and today we seen alot more buying at the Ask, which created upward pressure so they let it run a bit, until that volume slowed down and some started to sell at the bid again. The reason we have stayed in the .024 to .034 range, is that is where all the volume is for the last 2 weeks. The majority of shareholders have not been selling so there hasn't been any selling pressure below .024. Lots of bid support at that level. So they bounce it back up. Once we have news the buying pressure will kick in and we will move up and hopefully gain support at around the .05 .06 level. I think the CC news, once PR'd officially will take us to that level....
Well, that is my thoughts! Time to go have some beers...
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