Re: WEAK HANDS losing out
in response to
by
posted on
Nov 15, 2010 01:13PM
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I personally see this type of share price manipulation as a short term positive
sign, for those of you who still want to buy more shares on the cheap...First of
all, these 500 share block trades are designed to keep the share price down
through the market maker so this particular institution/institutions can
accumulate shares on the cheap without causing the share price to rapidly
increase. By taking there time with this tactic, they can over time acquire
a substantial position while capping the share price.
I ask everybody to take a look at the weekly charts on stockcharts.com..
The MACD,slow stoch,trix all are on a buy signal, which has not occured in
over 1 yr. Momentum traders salivate over these types of set-ups. Once
this manipulation is finished, watch for this stock to rocket upwards again.
This may be the last time for us to ever acquire shares at these prices.