<<Have you followed DPAC and/or IRSN?
Volume has dried up, and the price action. If you have access to an L2 machine, what is the price action and MM picture telling you besides the fact that interest has vanished at this point?>>
Ed,
L2 action of mm activities have been noneventful except the opening selloff (mms were taking out stops like nuts) and the first bounce, which I played. After that, it was just a war of attrition, back and forth, mostly between 5 5/8 to 6.
Speculative interests definitely have waned today. Instead of seeing massive ISLD, ARCA, TNTO traders taking over the insider market, I saw mms are back and keeping the inside market relatively orderly today. Should be a short-covering relief rally coming up in the next day or so, then it would base and drift back down.
Don't follow DPAC. Played IRSN several times on Friday for a few points and scalped it for 1/2 today, had great fun. It doesn't appear to generate enough volatility to keep me interested now, however.
Good luck trading,
Kimberly |
