GREY:SGGDF - Post by User
Comment by
slightfanon Nov 20, 2007 1:16pm
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Post# 13837387
RE: holding it down
RE: holding it downSUBJECT: RE: holding it down Posted By: meek35
Post Time: 11/20/2007 12:49
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I think all this talk of MMs is often overemphasized. This was an unexpected NR, and it popped briefly, but this is not something that will hold the share price up. You've got all these penny flippers jumping out with a few cents gain, playing the game. They know it will drop back and they reload. What's not to understand?
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Perfect answer. And they played it well. Yesterday high was 48; today 47.5 cents; yup they sold right into resistance. Smart. Unfortunately, in all the excitement, we peons get too excited and hold on thinking that this NR is the real thing.