RE: imo...
posted on
Jan 14, 2005 08:44AM
``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.``
They have again taken control, to a degree, with the best bid. And note that they are not alone at the ask (as has been the case throughout virtually all of this period of probable accumulation), again suggesting to me that the ask is just a head fake. However, now that they can accumulate at a better PPS, perhaps that are buying at the ask on a limited basis (so as not to cause it to rise, but to help hold it down by keeping the buy volume in check); and maybe they were doing that all along. Just appears that we`ve slipped right back into the ``mold``, but at .286/.29 instead of .33/.335. Tight trading range, FLCR at bid and ask, limited volume (today being lowest in recent recollection, but it is a Friday...).
FWIW and I KNOW nuttin`!
SGE