Mayor:
Your reference to the MM's:
"Because they are eeeeeeeeevil.
Not really, they are just good business people taking or creating opportunities where they can. Yesterday, they did not get the pay off they expected, people just did not take the bait, they will try this again, it usually works very well for them, it is a tried and proven method of shaking shares when the float is thin. If they pull back today, ask yourself if you believe in the stock (you have done your DD, right), ask yourself if it is normal to see a 25% pull back in 10 to 15 minutes or if it is "MM Sell Bait".
The strong buying yesterday certainly did not justify a pull back. Someone wants you to buy the shares and sell them back to them at wholesale. If you feel bad when you see a dip, think how you will feel when you find out you where duped. I have had it happen to me several times, ain't going to fall for it any more. Just passing on my experiences...
Good Luck,
Robert |
