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Thursday, August 03, 2006 8:02:07 AM
When I read the posts it is amazing how much lack of patience traders have. Paiv/Paim took a few weeks to create enough strength to take off. And what happened. 8-10 bagger.
Just because you bought a few days ago does not mean it pops to .004 immed. The proper actions are being taken by Dan in hiring Jack's co. Not cheap to do so. Plus, the level II shows continued buying from both MM's buying from each other trying to cover their short position and Dan trying to absorb O/S amount. This is confirmed by level II trades daily. Right after PR that SMMW hired Jack's co. there was a PR that SMMW would buyback minimum of 4Billion shares to start. Plus, MM's selling to each other when retail investors cannot pick up shares.
Dan looking to buyback as much as possible which will continue to create a short squeeze which per buyins.net is @ .00015.
Look how many stocks after weeks of accumulation and then once announced as a "great stock" popped on Ihub. The ones that make real money buy in and give it proper time to pop. Or, sell and chase the next promoted stock that already has premium built in. Can't have it both ways.
SMMW did not hire Jack's co. for no reason. A definite agenda in place, which is proven with PR of 4Billion share buyback to start. DUH
Not a buy or sell recommendation.
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