I said earlier today after the CC that some shorts would give up today. JUst not enough downside left. I wouldn't call this a squeeze though. I just call it good news covering supported by real buying. Man, if I was waiting to pull a trigger on SIRI on the long side, I would certainly do it right here. This move up is less an artificial squeeze and more for real..
nice pullback, we may break .20 this time..
Theres a chance if the spread can narrow, and they allow time for support to rise. Need the spread back at 30 thousands of a cent and under.
people banking profits is acting as a short right now. Long term holders are working with the MMs. Why they dont care if they let it run up fast. I dont actually like fast run ups like that.
Generates sells when otherwise there wouldnt be any.
Last edited by relmor2003; 03-12-2009 at 12:38 PM.
Originally Posted by Brandon Matthews
It consolidated a little and now if we get another surge, we'll be hitting .22.
You're welcome! It's not much compared to the advanced trading platforms and technology Relmor and the pros have, but it's good for hand-to-hand fighting.
OK .20 is "Hamburger Hill" .21 is "San Juan Hill" .22 is "Mt Suribachi" etc
Men we must take these hills.
Good day so far all! I hope the trend continues...
Great volume. We're finally getting some attention.
I don't know I still think sellers are out numbering buyers. The sellers just want alittle more then buyers want to pay.
.22 had been a key technical level for some reason.
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