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Strategies & Market Trends : Cents and Sensibility - Kimberly and Friends' Consortium

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To: Mr. Fortune who wrote (64812)1/20/2000 12:05:00 PM
From: KevinMark   of 108040
 
MM's will sometimes show 100 to get buyers in believing that once that price is taken out, then the stock will move north. However, many times, they are just shorting it, after a large runup. This is not the case with PLRX. It has been beaten down, so the mm's would like nothing more than to run the shorts out. So with every buy they will uptick the bid and ask, just need some volume that's all. IMHO, there is no downside here. As I stated before, PLRX needs another positive press release. Today is that release. I'm sure they have more deals inked out, which will follow. Once it takes out 17, the chart turns from bearish to bullish. An uptrend is just about to take place here.
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