This is from another board and poster. I provide it FYI:
"Because Big Ben Bernanke was speaking today, I kept a closer vigil on the market than I generally do.
It just so happened to co-incide with yet another lucky coin-flip and the (at least for now) short-term miseries of the Boy-Who-Loved-Fat-More-Than-Life-Itself.
Earlier today, VAD, as he's affectionately know by his friends, tried to bounce off today's new low at $1.98. I suspect there were alot of buyers, feeling pretty clever, that jumped in at the point of the test ($2.00+/-). Ungood move, as "VAD" rallied to $2.07 and $2.07 and $2.07 over and over again for over an hour, all the while banging that rotund forehead against an immovable object.
I have no idea what the "smart" money might be thinking; but I'll bet they're thinking...."Look to buy, maybe, at $1.69-ville...not before."
Now that's in complete contradiction to the famous poster and "Bid vs. Ask" guru, TDPRoberts. TDP assured everyone that the "smart" money was buying at $3.80, $4.00, $4.25.
But I want to open the floor up for dicussion: Where would those who don't read my posts be buying? Or have they already bought and are underwater and insolvent. I hope not. I wouldn't wish that fate even on my critics." |
