SORRY EVERYONE, I was kicked out of the system for a while...
continued...
In regards to ICVIs anticipated "BUYING FRENZY" tomorrow morning:
The MM could conceivably "nip it in the bud" very quickly, as was mentioned earlier, if TOO MANY market orders (buys) are sitting there
at the open the MM will simply GAP the stock up - at the open
probably to $1.05 or $1.15 and then slowly as volume and buying interest decreases drop the bid and entice investors who have been in at a lower price to sell.
If you followed INFE on Friday you saw the MM tried that very technique.
Even though the demand was not high at the open (no gap up) within minutes the buying started and the stock went from a close of 2 13/16 to 3 15/16 in NO TIME.
Then the MM slowly allowed the price to drift down to 3 1/4 offer picking up all the "shorted" shares above the 3 3/4 level.
However, continued "buying" pressure kept the MM from dropping the price even further, so the MM did not make the kind of profit they were hoping for - Thanks to OUR NEW FOUND AWARENESS OF THE MM TRICKS!!
Tomorrow if you have a market order in at the open, fine, however, expect the price to gap at least 20% higher than from the close of friday.
When the inevitable "spike up" begins place a LIMIT BUY about 1/2 point under the then current price (probably as high as $1 15/16 depending on continued demand).
That will keep the MM from dropping the price too low, because they will see HUGE buy orders waiting at that level.
THEIR PROFIT MARGIN WILL BE SEVERLY CURTAILED - THEIR ONLY CHOICE ? RAISING THE PRICE EVEN FURTHER.
WE KNOW THE STOCK IS GOING UP - THE MM ARE TRYING TO FOOL US INTO BELIEVING IT IS GOING DOWN!
HANG ON TO YOUR SHARES AND YOUR WILDEST DREAMS WILL COME TRUE, BECAUSE YOU KNOW ICVIs PRICE IS GOING NOWHERE - BUT UP!!!
RICO
P.S. I WILL POST THE BUY/SELL RATIO THROUGHOUT THE DAY TOMORROW
LETS KEEP OUR PROFITS - NO DONATIONS TO THE MM, RATHER TO MACKERS CHARITY!
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