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Re: masha post# 43520

Friday, 09/22/2006 9:08:08 AM

Friday, September 22, 2006 9:08:08 AM

Post# of 341696
The price action on MMXT has a lot more to do with far fewer shares in the outstanding, and float.If you have been following along, you must have noticed that MMXT traded below a penny, but far fewer shares were traded. There has been a deluge of SCMI shares traded at under .01. Common sense says that those who bought at .006 or .007 will likely take some profit if SCMI goes above .01, regardless of what news comes out. 50% is a hefty return on a few hundred dollars, and will likely lead a lot of holders to take profit and let the free shares ride. As a trader, I would be betting on the need for a 50 million share rollover before SCMI could start any real rise in SP, I would be looking for around a 10 million share rollover before MMXT could do the same.That's just an opinion, open to debate, as I'm sure it will be shortly.