The SP has hardly been stagnant over the past week. Great Markman result... And why hasn't the SP gone higher? S&L still converting IMO, even after the risk (that they may have been hedging) is virtually gone. While I'm sure the greed is still there, it's blatantly obvious to me that S&L's selling to convert NOW (with no bet to hedge), demonstrates they're in this for the long haul (as they said in the AMS) and are in same boat as us retails, rowing with us more vigorously than ever.

They don't have to act on the warrants, but it's quite obvious they are.

I'll be soooo glad when they're done. This cloud will be off of us, and there will be that much less resistance to a pop on positive news. Then we'll only have the flippers and traders to point our wicked fingers at if there is a stall/retreat.

Will they be up for enduring the same abuse that S&L has taken for the last year? Will they curb their greed for the benefit of all? Probably not - they'll blame the grand MM conspiracy - ignoring the fact they are contributing to it all.

SGE