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I think the chart says differently than the pr. LOL
Sorry all, your right, the bid is stacked, get in line and buy buy buy.
Did i say "no support"? I just reread my post, think you should do the same. By the way, the bid and the ask can change throughout the day....
At the time of my post there was one bid at .81 and nothing until .75 behind it.
This isnt the first time this has happend.
There is little support above .75 on L2.
This story is all to familiar to anyone who has been through it before, IPRE (now IMPN once IPEI) was mine.
Zoom in on their badges please. :)
Those results may not mean a thing as far as the action on this stock is concerned.
This isnt normal selling. Put the whole story together, not just the last few days. Why do you think the volume has dried up? Why do you think its gotten so boring? There was all kinds of enthusiasm in the 1.2's.
Refer back to my theory in a past post if you like, i believe its playing out.
Put some money aside for the day you feel like dumping it cause it is going to hell. Then buy the crap out of it.
They had to use a little volume to move it through the .76 low.
i think PERT and ARCA are trying to give a false sense of security to the bidders by sitting on .7, capitulation doesnt come without a bit of pain and some panic.
tooo easy...
If i had to guess i would say they are going to try and push this under the recent lows. We shall see....
GO BABY GO...
Anyone here get any of the .77's?
in my opinion he would have to get someone to sell to him in order to cover the shares he's shorted (sold), unless i'm mistaken.
The current pps along with the low float would make the kind of manipulation your talking about very doable. But as we know thats all about to change.
Ok, might as well make this fun, how long do these guys last at .85? 6 deep right now....
They cant be accumulating much at this level. Volume is crap... Hopefully this will play out soon.
Any theories on why these guys are stacking at .85?
Thanks Joe.
Didnt this chart go out further in the past. Let me know if you have it please. Thanks
http://investorshub.advfn.com/boards/read_msg.aspx?message_id=30108352
I believe this once had a longer time period. Cant find a full chart.
NITE is at .84 next is UBSS at .90 and ETRD at .91 PERT is at 2.8 fwiw.
Very thin to 1.01, as of now....
He was told that Peter was busy... Apparently the printing press was down and he was working furiously trying to get it back online.
News...
thanks all
Does anyone have a map displaying the location of rigs in the Gulf?
Does anyone have a map displaying the location of rigs in the Gulf?
.84s are up....
Very possible, depending on how light ARCA is and of course if PERT decides to stay on the bid side. Dont think there is much resistance on the ask side other than the usual suspects.
Doubt it...
Nice to see PERT getting jumped on the bid. Hopefully he is trying to cover and has a lot of competition on the bid.
Disagree, patient yes, but he is dropping.
Wouldnt it be nice if we could put all our money together and sit on the bid like they can the ask. At least then it would be a fair fight. Right now we're like a colony of ants trying to fight my boot.
I would agree, except for a few things. The optimism and the enthusiasm at the tops and the the willingness for someone to come in and knock it down, suck the air out of the market at certain level. Then you have the quietness on the board and the questions about how can this continue to go down day after day. IMO, many of the retailers will buy one of the first two dips and then have their patience tried as this (short) seller continues to drag is lower. Also this person (retail) may then be out of ammo or questioning their investment to begin with, so the resistance to drive it lower becomes less and less.
IMO, this will continue till they can drive to a point where there is a rush to the exits, they can cover a majority of the shares they sold on the way down in one high volume day.
My theory, and it may be way off but normal seller wouldnt push the price lower with the ask being as thin as it is usually.
So do i, but if you want to do something interesting, go back to about 11/9/07 and skim the posts up till today. Go back and refer to the chart as you go. History does repeat itself...