In a matter of seconds the MM seems to have taken out all the stops down to 4.60 and then the bear attack was over. Now we're back up to 4.80. This "fiscal cliff" nonsense is a distraction and the MM's are taking full advantage. It's truly a license to steal, and since it's done electronically(digitally?) it happens so fast there is no time to react if your a retail trader.
You are right, MM(Michael Morrissey) is a thief, licensed to steal. We paid him big salary and bonus to steal from our pocket. Market Makers only play games with traders, it won't hurt company's fundamentals. This MM works with GS(the biggest licensed thief in town, the big bad wolf too big to fail, we have to feed him our flesh to keep it alive when it is ill) to steal from us. That's the big problem of this company in past year. What do want to react? Send MM to jail?
MM refers to market maker(MM) not Morissey, but of course you don't care as all you are interested in is creating fear, uncertainty and doubt so you can cover at lower prices.
Like duckduffer said earlier this is just little bump in the road and taking advantage is probably a good idea, unless we go over the fiscal cliff. So far, duck you look good and I was looking a little too low.