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Wednesday, May 10, 2006 7:09:50 AM
Forget technical indicators. Newton's first law is more appropriate. An object at rest tends to stay at rest and an object in motion tends to stay in motion.
IPRE works as a bottom play for many traders. I'm thinking about jumping in myself -- will watch it for another day or two first. BKMP is sitting on the bottom. It is just about as low as it can go, even for a pinky. Trip zero pennys don't respond to buying pressure in the same way as others that only have two zeros after the decimal point. Flipping is too tempting for many who don't trust pinkys enough to stay long-term. And the MMs have a field day at this low PPS.
If and when BKMP moves above .0010, we'll start to see more logical PPS movement in response to buying and selling patterns.Until then, charts and logic have nothing to do with this stock.
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