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Technology Stocks : ACII - AmeriChip International, Inc.

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To: Fiscally Conservative who wrote (1944)4/28/2006 10:08:11 AM
From: grizzy  Read Replies (2) of 4616
 
The MMs are really trying to pull this down...I've been watching the action closely in the last 48 hours and the pressure is *still* on the buying side, despite the absurd spread. Unfortunately I no longer have real-time Level II so I can't analyze the play-by-play to see who's doing what.

In my limited experience this is kind of activity is indicative of a stall point before a move, the direction of which is uncertain. Either the MMs are baiting a trap for the short-termers or they're positioning for the next upward move.

More now than ever I feel that a solid contract announcement would send this through the roof.
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