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Post by psalmchapter51 on Sept 10, 2012 15:37:12 GMT -5
For those unfamiliar with the definition of a bear raid, please take this opp to familiarize yourself.
MMs/brokers/investors can easily manipulate PPS while retail buying pressure is NON-Existent. And, today the volume was so low in fact, that I am confident this was an intentionally designed bear raid.
Look at the chart, and see the sudden drop. There was no buying pressure, and all took was 300-400K borrowed short shares, sold on the bid, to drop the PPS 10-15% in minutes. L2 also told the story for those who watched it close enough.
Then these same bears accumulate the 300-400K shares from weak hands to cover the shorted position (perhaps even that 400K @.22 posted :35 SEC after close). And, assuming these brokers/MMs are also anticipating a bull run, they could also have accumulated shares for new long positions, while simultaneously closing short positions.
This was a text book bear raid IMO. Sorry for those who sold. One of these nights, anyone found share-less with regret it when the BxA gap up 50% pre market.
EK has a ton going for them; including today's announcement that freed up 300 MIL in annual overhead. If you ask me, when the market attempts to induce fear, while the mid term outlook concerning the company's fundamentals looks promising, it is time to buy and hold ignoring the daily PPS fluctuations.
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Post by joefarina on Sept 10, 2012 15:40:54 GMT -5
FRICKIN GENIUS
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Post by forkodak on Sept 10, 2012 15:49:26 GMT -5
Back to 15 cents tomorrow?
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Post by TheBondKid on Sept 10, 2012 15:53:01 GMT -5
nice action today.......Lets fire up the board tomorrow! see ya!
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Post by TheBondKid on Sept 10, 2012 15:58:48 GMT -5
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Post by proforkodak on Sept 10, 2012 16:10:40 GMT -5
Psalm, Good post...
I appreciate that there are a few INTELLIGENT people that contribute to REAL understanding.
Its simply amazing how easy it is too trick the MYOPIC MORONS....
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Post by joefarina on Sept 10, 2012 16:12:41 GMT -5
I SAID IT FIRST MONKEY BALLS
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