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Wednesday, January 26, 2011 6:40:21 PM
SKGO Shorted Share count for today (in bold):
SKGO|39,513,628|193,777,375|O
Now, we know today that there was 131 million in buys and 60 million in sells...
Consider this:
A. 60 million volume in sells - 40 million shorted = 20 million that was truly dumped.
(131 million bought, and 20 million dumped)
Also, notice the 50ma and the 200ma. They are about to cross again. Last time they crossed, SKGO ran to .009. refer to the chart below:
Conclusion:
SKGO WAS FORCED DOWN TODAY TO .0008 BY SOMEONE WHO SHORTED 40 MILLION SHARES TO TAKE IT DOWN AND NOT LET IT PASS .0012. WHOEVER SHORTED THESE 40 MILLION SHARES (OR MARET MAKERS) MUST COVER THEIR POSITION, SO WE WILL SEE A LOT OF BUYING PRESSURE VERY SOON. THE RUN IS JUST BEGINNING. THOSE WHO ARE IN FOR THE LONG HAUL WILL BE REWARDED!
Disclaimer: All posts are of my own opinion based on research and charts. You are responsible for your own trade based on your DD.
"The science is knowing when to buy a stock...the art is knowing what time to sell."
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