RE: Thoughts on today12 Nov 2018 07:34
bassguy - it's definitely up from me - after the daily mail article and it's great response from BMN supporters, we have seen TBP traffic up 35% on last weekend. Add in the fact that it is now clear to everyone that the Market Makers are now batting without a short back stop and we understand their behaviour seen last friday of "buy-what-you-can-then-move-it-up-to-sell".
This only leaves the problem for the buyer of deciding when to buy - if it is not at the point that the SP starts moving up, but instead in the walkdown phase after, how do they know at what point the MMs will drop another Sell and kick the whole spike and walkdown process off all over again.
The great thing is that now that it appears that they cannot run a short position then these cycles will last only as long as it takes to get 250K-500K Buys - there will be none of this MMs flooding the market with 6M shares and then spending 3 weeks trying to freak out shareholders to sell.