slow and steady accumulation happening. Tute has been buying but also holding price in check and slowly accumulating shares from weak hands over the past week. Bull pendant in place and a breakout should happen soon. All is based stricly on TA. Fundamentals are also in tact. Liquidation value (run off value) is at least 20 bucks a share.
All I can say is MBIA is trading with a big discount, buyers at these levels will reap at least 50-100% gains in 3-6 months. I can't wait anymore for the next earnings report. IMO, MMs are controlling the PPS and shaking weak hands.
Dell...yes probably the MM's...for the past 5 to 7 days after hours volume is ranging between 40k or 50k in the quantity of shares. Signs that the MM is clearing their books for the day or could be a trade that went through earlier that was not registered by the tape. But not 7 days in a rough. Bottom line is price is being held down for a purpose. Options expire on Friday. Will big money run it or will the MM's succeed in holding the price down. Holding the price under 14 bucks till the close on Friday will prevent the MM from paying out mula. Lots of open interest 14 bucks and higher. Who says this isn't a fair market? it is if you know the rules :) cheers!