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Message: The dip

Re: The dip

in response to by
posted on Oct 26, 2007 10:26AM

"Though it could have been S&L letting loose of a few, I'm thinking it's more likely that the MMs found a bunch of people with stop loss orders in at 40 cents. Just before the downdraft, I noted that there were no less than 8 MMs lined up at 40 cents . Just before the downdraft, I noted that there were no less than 8 MMs lined up at 40 cents (when the bid was above .40). They dipped it down and took them out." .... SGE

"This could actually be very good news, it seems the PPS always goes down here just before it spikes up. And IMO usually because of MMs".....Joda

Probably the two most important statements made today. Also.. doesn't it seem that most of the really important news comes out after the close on Fridays ?

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