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Alias Born | 01/17/2006 |
Tuesday, August 29, 2006 8:23:31 PM
Three pump and dump spikes produced major blocks but has anybody looked at the Accumulation/Distribution? It's pretty ugly. All that action did not produce accumulation -- the opposite in fact.
Looks like a crew of daytrader P&D'ers ran this hard; and the savvy folks with low-enough average entry prices took the opportunity to exit before the reverse-split.
That's my take on it, negative as it may be. I'd love to be proved wrong in the coming week or two. But the only reason, I didn't bail out today was that I bought in at .0042 and my position is not large enough for me to sweat. But there's going to be a lot of pain in the near future.
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