I am truly amazed at the lack of any real analysis of the patterns of this stock when compared to the actions of some folks on this thread. Ever since we started getting ready for the opening of the site, there has been a pattern, and I am not too sure it has anything to do with shorting in the traditional sense.
Let me share with you my humble opinion and kicking myself because of my doubt and not capitalizing on the net effect, but then, I am not sure enough of it to truly trust it to repeat in the future (It is always easy to analyze with 20-20 hindsight and add up the lost profits!) If you watch we generally have 3-4 days of increase followed by dropping like a rock for 3-4 days and then we start up again. As soon as we see the peak, all of a sudden we see a rash of TM and similar folks. You can bet that they took that below 4 time today to buy with the money they had from selling at 8 or perhaps at 6 on the way down. Hey, just three episodes of this, which is what we have had, and 1000 shares can easily become 8000 shares waiting for the next peak and the resultant pullback to become 16,000.
No, it is not shorting in the traditional sense of borrowing stocks to sell and then later buy back, but once sold at the peak or near there, it is in their best interests to get folks to cause the stock to go down so that they can get back in at half of what they got when they got out.
Based on what we have seen in the past, tomorrow will probably open lower than the close today and climb to a higher number and the following day will gap up. The day after that will see a peak and TM will again start bashing the stock to get it back down for the next iteration.
There are of course no guarantees that this will happen as I have laid it out, but I submit that give or take a day or two, the pattern will repeat!
Disclaimer: IMHO |
