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Wednesday, October 11, 2006 11:43:30 PM
who bail out with their $300 investment and MM's work them so well.
Too many little traders in the pinks these days and provide too much oppty for MM's to work the pps down. Today was 1/2 the volume as yesterday, and so many weak trades were for chump change at $200, $500 etc., with MM's walking the pps down in intervals all day long. L2's showed this so well all day.
I do understand and utilize chart techs to decipher pps movement. However, too many sheep on pinks Penny who think if they do not get their 200% in 2 days then forget it. With low volume, the small time traders who bail will blow the technicals out,(only for NOW).
No problem though. I am in for 3M sh still with no loss and will use the weak shakeout as oppty, and continue to buy up all the little sheep's shares. The revenue potential of this merger with GBDX with the new change in the Russain law regarding exporting and GBDX's positioning with Russian cutters and exporters, Wow.
Your charting has always been specific and right on. GBDX stated the opening of offices prior to 11/1 and revenue estimates at that time. Your pps est. of .15 is not inaccurate.
Best Regards
Not a buy or sell recommendation. My opinion only.
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