RE: imo...
posted on
Jan 13, 2005 07:42AM
Having read all the speculation this morning, IMO what`s going on is that FLCR got their desired ``core quantity`` (with their seeming total control of the market for this security) and are now assuming a little more risk, which is now offset by a better price. FLCR is still in play and at the current bid (with their ask - a head fake IMO - of .335 still in place). They haven`t ``gone away`` yet. As for their ``picking the bottom`` difficulty; gee, I`ve never had that problem - the bottom is where the PPS goes right after I execute a buy! And why is FLCR willing to assume a little more risk today? Maybe they were expecting an EDIG Thursday that didn`t come, and suspect (as most of US would) that any news in the offing won`t come till next Tuesday at the earliest. I suspect they backed off a little yesterday afternoon, thinking maybe they were ``done``, let chips fall, and are now back in the game (but without the apparent control they enjoyed before).
But, I KNOW nuttin`!
SGE