JV squad manipulating the tape today Here's anoth
Post# of 39368
JV squad manipulating the tape today
Here's another quick example today of why the pricing data is pretty useless right now. Take a look at how a small 100 share ask slap is immediately met with a 700 share bidwhack, followed by taking out the bid, and then a 186 share bidwhack for the lower print.
Then, take a look at how the bears are matching sizes of the ask slaps in their bidwhacks for lower prints. They are flagrantly taunting the bulls. They are in control of the tape right now and as opposed to a free market we have a cartel of price fixers keeping the price down.
This is going to be a war won in the oil fields so forget about price completely right now. Forget about "big news", rumors, or any magic bullet to move bears off of ask. All that matters will be the monthly and quarterly growth in BPD production of the firm. I'm looking for a 20-50 fold return on my investment so I can wait.
Have a great holiday season everyone and here's to a fantastic 2013.
[IMG]http://i.imgur.com/aCCXX.png[/IMG]
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