At the start of this on Wed morning, I think there were
At the start of this on Wed morning, I think there were many retail sales going in because of the news and confusion. Weak hands let go. Then, you must remember that it was mostly the MM's who bought up those shares. So, ask yourself, what would they do if they bought them up? In my view, they would cause further panic to lower the pps even further and they will keep doing that until they find a balance where they cant bring it down any farther, and then try to promote buying by raising the pps so they can cover on the original shares at a margin. To me, this is what is happening now.
Fortunately, there are many many longs who did not sell into the panic, and are accumulating on the lows. This is what will create stabilization here. I still expect them to lower the pps, and I still expect to buy some more when they do. Follow the Money.
I would not expect shit from Bill or ANYONE until a decision is made by Essex. That MAY happen today or Monday. JMO GLTA
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In times when you feel low self esteem, disappointment and perhaps even depression.......keep in mind that it may simply be the result of the fact that you are surrounded by ass holes. GLTA
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