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Post# of 597165
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gloomiath

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gloomiath

Re: None

Wednesday, 05/10/2006 10:12:23 AM

Wednesday, May 10, 2006 10:12:23 AM

Post# of 597165
NLST...My thoughts on the action:

There were 25.4 million shares traded in the past 5 trading days. If the tradable float is really 13 million shares (as pinksheets.com says), thats 2x the float traded. I can't help to think that alot of these buyers aren't just flipping it for a few pennys, and are holding for the big bucks when the hurricanes hit.

If thats the case...when the actual storms come and there
arent any shares to buy up because all of the accumulation going on (volume shows accumulation), whats to happen with the share price when everyones fighting over a few shares?

Past 5 days volume:
4.5m
9.7m
3.3m
2.4m
5.5m

Do your own DD, this is just my opinion.

----------------
Always do your own due diligence. My posts are neither a buy, sell, or hold recommendation; and express only my personal opinion. Please consult your financial advisor before making any investment decisions.

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