News Focus
News Focus
Followers 0
Posts 14843
Boards Moderated 0
Alias Born 05/25/2005

Re: FrankieJ post# 123119

Thursday, 10/19/2006 1:01:56 AM

Thursday, October 19, 2006 1:01:56 AM

Post# of 311080
Frankie, Maybe so. I'm not bailing at .50, and I do hope to see us shoot past it. However, we all know there will be a serious flurry of selling in that range, along with the buying. I'd guess that 50M shares (easily) will be sold around that range due to the audience that pinksheets have as shareholders. That's a lot of selling, especially considering how EASY the MMs take it down on lower sell volume and how hard it can be to make it rise on buy volume.

The short covering is the wildcard, IMO. If that happens in a big way, then hold onto your hat! I think it exists, but I'm not convinced that it'll be as drastic as we hope. Seems the brokers have found ways of limiting its effect... as squeezes are becoming more common and the crooks always find a way to limit their damage (even if it's illegal). For example, naked short the HELL out of this stock when it gets up around .50. That way, they could cover the lower priced short positions... and then cover the shorts they did at .50 once they force it back to .30 or so.

I hope your optimism plays out, though, definitely!

All Posts Are Just My Opinion

Volume:
Day Range:
Bid:
Ask:
Last Trade Time:
Total Trades:
  • 1D
  • 1M
  • 3M
  • 6M
  • 1Y
  • 5Y