Is there any truth to the following statement that was made by 2violins on the S_____House Board today?

"Two things that have influenced the s/p in the last year, (excluding the economic downturn), are 2 institutions.---First of all, when the 2'nd quarter results were released last year, the s/p should have collapsed. The financial results were not just surprising, but also brutal.---What saved the s/p taking a dive, was the questionable buying by Macquarie and Genuity, for Resolute Funds.---I couldn't believe what I was seeing, session after session, relentless buying by some fool from Resolute.----I know that the fund has been successfull in the past, but that doesn't excuse them for losing control of their minds.---Many investors were thankfull that they did buy because it enabled them to get out without dropping the shareprice.-----When they stopped their questionable buying, the s/p did collapse, and then the economic situation took over.----Now what's happening in the last 7 sessions, is that some institution is unloading their shares by not creating any panic.----So even if the oil prices rise, they continue to dump incraments of 10,000 at around the $.75 mark.----How they manage to keep the price up at this level, even though they are dumping, is they put in a large buy order just below where they're selling, which keeps others from dropping the price.----The large bids make others believe that the s/p is ready to make an upward move, so nobody sells down, when in fact it just keeps the s/p at the $.75 level.----This is one way I used to trade, (when I was a large trader), and found it a very successfull block.-----IMO, that's what's going on right now.----CHEERS!!!" 2 Violins

Inquiring minds want to know. Is this a reasonable explanation? Do any of you have experience as professional traders to verify this statement or is it bogus?

Cheers; Scott