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Re: AKAPAK post# 6570

Thursday, 05/22/2014 3:42:33 PM

Thursday, May 22, 2014 3:42:33 PM

Post# of 9289
This is a paste from one of my recent posts on YMB that's again been deleted by Yahoo. Too much chatter on PM I guess. The below was in response to a question about price movement from here and a bottom at 1.35. BOL all

Of course I'm not "sure". Insti holdings of NAVB are up nicely. The sector already put in a capitulation bottom a month ago and has been improving since. MG and PM motives are unknown at this point, however once they're in firm control in June, and with Pykett out of their way, a positive message from them is much more likely IMO than negative. LS/Mano has some decent potential catalysts, so long as they don't gut the rest of the pipeline (which is a big factor in our market cap). Timing is everything - I look for a financial restructure ahead of the July meeting. Assuming PM underwrites, we need to see restricted shares/warrants to assure the market they're investing rather than repeating the past. First things first, we need to see momentum/volume through the 1.60's resistance. PM is at the blocker and can no longer buy long, but if they take their foot off our neck others can, and will IMO. I'm primarily a trader, meaning I (attempt to) take my profits before someone else takes them from me. In my view the upside to mid-2's outweighs the downside from here. The cards are NOT all dealt yet, if you trail a sensible stop-loss then 1.11 is not a factor.
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