SI
SI
discoversearch

We've detected that you're using an ad content blocking browser plug-in or feature. Ads provide a critical source of revenue to the continued operation of Silicon Investor.  We ask that you disable ad blocking while on Silicon Investor in the best interests of our community.  If you are not using an ad blocker but are still receiving this message, make sure your browser's tracking protection is set to the 'standard' level.
Gold/Mining/Energy : Meteor Technologies
 Public ReplyPrvt ReplyMark as Last ReadFilePrevious 10Next 10PreviousNext  
To: jerry janko who started this subject9/11/2000 2:17:39 PM
From: The Barracuda™   of 2127
 
What MMI's current short sellers don’t understand is that price moves in the direction of book.

If the supply of a stock (or oil) is offered at above the current price, price will move to the supply. The bears in MMI all want to short MMI at higher levels, to which, Mr. Market tips his hat and says "thank you very much." All shorts and sells (liquidations) at market are continuously soaked up.

If the shorts want to see what their additional selling can do, look at today's OPEC announcement. OPEC announced greater production and price went to where the supply exited. Everyone knows that shorts are waiting to supply the MMI market with stock, but no one knows, as the oil market didn't know, how much additional supply it will take to sate the market.

And one disadvantage the MMI shorts sellers have that the oil markets don't, short sellers have to buy their position back-oil producers don't.

Psychologically, where the book is, is determined by whether a markets participants want to buy cheap or sell dear.
Report TOU ViolationShare This Post
 Public ReplyPrvt ReplyMark as Last ReadFilePrevious 10Next 10PreviousNext  

HomeMailHotSubjectMarksPeopleMarksKeepersSettings
Terms Of UseContact UsCopyright/IP PolicyPrivacy PolicyAbout UsFAQAdvertise on SI
© 2025 Knight Sac Media.  Data provided by Twelve Data, Alpha Vantage, and CityFALCON News