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Yellow Media Inc T.YLO



TSX:YLO - Post by User

Bullboard Posts
Comment by onerealityon Jun 06, 2012 3:55pm
177 Views
Post# 19986563

RE: RE: RE: Why stock stuck at 0.035 - 0.04 range

RE: RE: RE: Why stock stuck at 0.035 - 0.04 range

No, Chuck is right. Another one of the Market Makers functions is to help create stability. They buy the Bid to help put in a floor but in turn will sell into any strength. In other words, the price of a floor is a ceiling. It of course can easily go through the floor or ceiling if the momentum is there, but do expect to see National on the the Ask  side selling back these shares if there is any upward strength. If they flip to a Sell and start picking off the Bids at this level, then they have capitulated and are conceding a half penny drop in the Bid/Ask.

Bullboard Posts