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Re: arch_oil post# 12864

Tuesday, 08/22/2006 10:52:01 PM

Tuesday, August 22, 2006 10:52:01 PM

Post# of 35788
good night people. Had enough of this misery for one day. How low we go Wednesday ? .0165 ? is my guess. red red red. BIGN's favorite color. You would think at these bargain basement prices some huge buyer would step in and buy 5M shares....everyone else is tapped out when they bought at .03 or higher. Now the only action that's left is selling. People who bought much higher are selling out, moving out, getting out. I used to trade like that too. Whenever I was down 10% I sold. Problem was after 4-5 bad picks your down 50% anyway so I have learned just to hold no matter how much you are down. If the stock breaches a critical support level (for BIGN I feel this support level is .014) then it's truly over and you can expect another 100% decline. So if and when BIGN breaks .014 you can expect to see BIGN under .005 very soon after that due to the inherent panic selling that will ensue. Buyers will be lining up then, but only to flip flop again at .007 for a quick 50% profit. Then after the buyers leave we will be left with this dismal slow bleed like we are encountering now. Then it goes under .005, then we see an increase in the A/S to 1 billion shares then it's truely over. Lancaster and Boyd and Smith are sipping champagne in Alcupulco laughing up a storm.