OTCQX:SREMF - Post by User
Comment by
Falcon44on Mar 03, 2011 9:23am
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Post# 18224306
RE: RE: Today's Action
RE: RE: Today's ActionThe reason we will see a relief rally today is that the brokerage houses that have been buying all the sell orders the last 2 days will manipulate the price the other direction to attract the sheep (retail) into buying at a higher price so they can unload those unwanted shares, This is typical in a sell off of this magnatude. Everyone out there always wonder Who's buying these shares if it's so bad, well your brokerage firms have to buy up the stock, thats why you get a gap down, they take the other side of the trade and Gap it down so that they don't end up holding the stock at higher levels. Then comes day 2, still lots of selling so they buy all of those trades at lower levels yet. Once the selling pressure lets up they manipulate the stock by cross trading between houses, just like they did on the Gap down, only this time to the upside. Then presto, they make their money back at a higher price, they never loose in the end, only you do. Happy Trading