Dave, this has happened to me before with another stock. What
happened was the MM wanted shares, either for himself or somebody
else.With this other stock he knocked the price down a few
points within a couple of days, there was no news etc to account
for the loss. Once the MM triped most stops, the stock ran up
and over what it was selling at. 1 week later the company reported
it's largest contract ever, 3 weeks later they reported earnings
and they were a blowout.
This is just one possibility, the MM might of needed a new house
for his mother-in-law,that's another possibility.
I've never seen a MM do what i think happened, and make it so
obvious. Brass balls for sure.Alot of people lost UNSN yesterday
and if they want back in they will be paying 12 and up.
If you've watched the Trading pattern for UNSN for the past couple
of months, you will notice were stuck in the 12 to 13 range,there's
a 14 million float,and people seem to be buying, or want to. Friday
proved that. Well the next resistance level is 21, let's hope we
are on our way and blow right through it.
Alex |
