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Message: Lawyerlong

Lawyerlong

posted on Jan 13, 2005 06:17AM
No, everything still in place and coming to fruition as far as I know.....

My problem has always been, NOT ACCUMULATION, but for what reason. I have been around this type of thing all my life and KNOW these guys (MM`s) can do just about anything they wish to do. A favorite of mine is the time honored ``sell`` of a 1000 shares at $1.00. If the MM wishes to drive the price down he will execute those trades ANY WAY HE WISHES, say by breaking up the 1000 shares in one order into 4 or 5 individual orders so the execution would be something along the lines of 400 shares at $1.00, 200 shares at $.99, 200 at $98, 100 at $.975 and 100 at $.97......Purely hypothetical of course but not unrealistic....

The point of the above is a point I tried making in my prior posts about an entity accumulating at $.33. The only reason that would happen is if that entity KNEW WITH AN ABSOLUTE FACT that $.33 was the bottom or else he would simply instruct his broker to buy lower. That lower has happened today and if the object was 1,000,000 shares then the buyer has just cost himself $50,000.

That`s what doesn`t make any sense to me and I stated so. I don`t have any anwers except perhaps the buying entity establishing a position based on info he obtained that $.33 was going to be the low.

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