Re: Wed morning thoughts - Al
in response to
by
posted on
Nov 28, 2007 05:42AM
Discuss the various junior resource companies within the McFaulds Lake Area
Very interesting Al...
Yesterday after the news about JP Morgan came out all institutional money stopped buying the stock and the share price slid as investors paniced and sold off their holdings. At that time I bought more shares and noted the sell off reeked of accumualtion from the market maker. They pull all their bids and let the retail guy sell off his holdings in small lots as they sit back and pick off the smaller sells. As soon as they have accumulated enough shares they start whacking theĀ asks and drive the share price back up.
I think this makes sense to me. Are we seeing this again this morning? It appears so based on what I see Anonymous doing (or not doing).
BK