Saturday, August 05, 2006 7:17:42 AM
You are correct, CMF and ACCUM is increasing huge now. But, the reason a stock like this will soon pop to .0005+ is that the naked short position is getting squeezed. Momo from this pressure is what drives pps to pop a 5-9 bagger. Paim, Paiv, others did not pop on news of blah blah. It was large buybacks thus limiting real O/S count. And with new sho list and disclosure rqmnts., naked shorts have to gather shares any way they can, and cover. Example is the PR from Paiv of a 90% buyback of O/S. It took a few weeks but finally the naked shorts could no longer continue to gather shares and the pps popped, because holders of the stock would not let it go for less.
Same with SMMW. Dan did not hire a pricey co. like Donnelly for no reason, and then make them the T/A. Dan is going after the naked shorts. Per Buyins.net, squeeze trigger price is .00015. And, right after PR that SMMW hired Donnelly Assoc., SMMW released PR stating they would be buying back to "start", a minimum of 4B shares. Current buyback amt. now at +11B shares. You are correct that the pressure is on. But its up to us shareholders to not allow buys at .0001-2. Place asks at .0003+ and stay strong. Plus, over the last weeks, some sells from weeding out the "I went to a teach me to trade seminar" and they told me to take my bs profit. NO guts.
Not a buy or sell recommendation
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