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Brocade Communications Systems, Inc. Message Board

  • jctuttle13 jctuttle13 Dec 18, 2012 12:59 PM Flag

    Damn, two strong market up days in a row

    and no movement for BRCD.These penny day traders are the curse of death on any stock they infest.

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    • It is not retail players that hold the stock down. It is hedge funds and high frequency traders who are doing the trick by having orders at both sides to make a fraction of a penny with each trade. Their computers are programmed to hold the stock constant or down. They are making money daily by shorting in the morning and recovering before the close. Have you noticed the price is up in the morning but down before the close?
      They are making most money when the price does not move since they can make more money from a fraction of a penny. All these orders at 5.485 belong to them.

      Sentiment: Buy

9.14+0.03(+0.33%)Sep 23 4:00 PMEDT