DUNR may have a full count at the plate but they are still in the game. The selloff is lemming mentality. No one knows squat. Especially, these so called "seasoned" experts posting. I'm just gambling, I know it, and I'm still throwing dice!!
It's BS, no way they put their own $3mm at risk to lower prices...a huge buy order could have come in at any time. I just don't like the so called "experts" spreading the MM BS on here...I'm sure it happens, but not on this scale.
That being said I think the stock is a great call-option at this point. Fingers crossed.
Heather, I picked this up from another board, not sure if holds true because I am as confused as you are with MM's, anyway, here is the info I picked up:
the complete story of market makers is a small book unto itself, but i shall try to shorten it a bit, and hope it remains understandable
we know that a market maker "makes" the market -- holding buy and sell orders to be completed in his/her "book" (which is now a computerized program and not a real written list)
market makers raise the price based on demand and supply (supposedly) and lower it accordingly, but in reality they will raise a price higher and higher, borrowing shares if they cannot cover the trades through their own inventory ---- NOW, once they have raised the price to RESISTANCE (and often based on the time of day) they will immediately switch to SHORTING the price, selling their "borrowed" shares first and pushing the price DOWN. the retail trading public, seeing the price drop, immediately starts selling their shares, which are grabbed by the SHORTS, the mm included !
as the price drops, the shorts pick up more and more of the longs desperate selling getting more and more shares at a cheaper and cheaper price.
through all this, the mms have RETURNED the shares they borrowed to sell long during the run up, and have now made money by shorting them on the way down.
at some point support is hit (depending completely on momo and the time of day) and the whole silly game begins again, with the mm's driving the price UP, retail traders hoping on the bandwagon, and the price moves higher and higher as the mm's simply move it up.
NOW, after the fact for most newbs, you can observe how the ups and down cycles are leading towards a trend --- if the "highs" are higher each time one is reached, we are in an UPTREND, and reverse that for a downtrend and how THAT is decided is a story for another day, but it IS decided !
we have all been told its supply and demand, and while (depending exactly how you use language) it has "something" to do with it, its reality is one of a market that is being manipulated constantly, which is EXACTLY how each and every trading market works !
if this were not so, NO ONE could predict what would happen at noon, edst or at the 5pm rollover, but since good traders can and do every day, it follows that they already know what ive just posted.
OBSERVE your market, and you will soon understand also !
Read more: http://forums.babypips.com/newbie-island/32-how-do-market-makers-actually-work.html#ixzz1OkOFf2Y3
I saw ihub posters about 2 weeks ago and they looked like traders to me. When people make post like lets go and lets move this baby they don't care about fundamentals only penny changes. I was not impressed with what I saw back then
"Yeah, maybe I'll wear my tinfoil hat tomorrow, stop by the psychic and hold on to the stock because it's traded 5mm shares the last 3 days on pure manipulation. I'm not saying it COULDN'T happen, I just want a decent explanation....and I don't buy the "you have to lose $ and join the observation club BS". Full disclosure: I am regretfully long"
If anyone cares to share the "secrets" but not publicly, you can email me. Back up your theories or STFU
Yeah, maybe I'll wear my tinfoil hat tomorrow, stop by the psychic and hold on to the stock because it's traded 5mm shares the last 3 days on pure manipulation. I'm not saying it COULDN'T happen, I just want a decent explanation....and I don't buy the "you have to lose $ and join the observation club BS". Full disclosure: I am regretfully long
Heather - you need to move to IHUB and drop back about a month, read up. Clearer discussion, less chatter. There are some excellent posters here, but a lot bashers & misinformation as well.
I am just a drilling consultant with an interest in geology, I know very little about the ways of the stock market.
From what I understand, 2 MM's can work together to move the price down using whatever volume is needed to make the selloff appear valid. At the same time, other MM's prosper by picking up cheap shares shaken off of leery stock-holders.