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  • whynot327 whynot327 Oct 4, 2005 4:28 PM Flag

    Not bad at all, BUT

    we're not out of the woods yet. MMs have been accumulating shares for months and they were not about to lose money on this today. So they defend it their position. In fact there were some trying very hard to PAINT the tape so that it would close near the high of the day.

    They did the same with VRSN the other day, pushed it higher and kept it there for couple of days. Today VRSN dropped more than 5%.

    So keep your eyes on the tape we're not out of the woods yet.

 
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