The MMs are playing with our heads

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epd262

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The MMs are playing with our heads

posted on Apr 08, 2008 02:02PM

Hang onto your shares. These retail prices at .50 will soon be wholesale prices and the MMs Know it. I think they scooped some shares from traders who expected a rise in SP leading into the Q.

Common sense tells us whats coming. We broke above the 200 DMA a couple weeks ago and have not fallen below it. I see us bouncing of it tomorrow.

I know its no fun watching the SP pull back slowly but it is IMO better this way leading into the Q news , versus moving higher into the news and and being overbought as we were before the Texas settlement and hence , we technically topped out and had to pull back.