Right on slstThat's how the big boys work, isn't it? They want what PMT has, but they want it dirt cheap.
I suspect they'll flush a few more little guys out of the market, so I won't add to my position just yet. A bit more time, maybe a few more dimes.
In this game you lose when you surrender.
Cheers, Arnold
----------Original Message Posted 10/28/2010 2:58:53 PM----------
I heard the commentary.....all retail investors....with no commercial investors.....too much debt....low natural gas prices......expects they will cut.....(what..?....with a 60% payout ratio !! )
Looks like his comments FREAKED the little retail investor...and now the commercial investors are SCOOPING it all up.....look at that volume. The smart money is moving in.
As someone already said the fleecing is on.......Good luck longs.