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Wednesday, August 02, 2006 3:36:03 AM
The buying up of shares @ .0001 and .0002 is between Dan and naked shorts. The naked short MM's are buying from other MM's and Dan is trying to buy up as much as possible also. Once a certain point is reached where the MM shorts can no longer buy any more, the price will pop. Many times there were 9,999,999 trades at .0001 but retail buyers at this price could get none. Plus many buys at .0002 also in the 10M share range whenever possible. Naked shorts scrambling for shares against Dan's buying as many as he can back.
This IMHO, is the strategy from Jack's company who took on Paiv shorts as well, and now SMMW, and why the PR from SMMW announcing they would buy back add. 4B shares. Announcement came right after Jack's co. was hired by SMMW to go after naked shorts. Services like that are not cheap and SMMW must have a good reason to go after a hired gun to take on the shorts.
Once absorption occurs which is near term, kaboom.
Not a buy or sell recommendation.
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