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Re: Han2004fl post# 951

Friday, 10/27/2006 1:26:57 AM

Friday, October 27, 2006 1:26:57 AM

Post# of 1979
Hope you didn't sell prior to NOBO list release.

If you haven't sold, you have not lost anything yet!

The reason the pps came down is the majority of traders at this pink/otc level are flippers, and will stay in for a short term gain and get out. (1-5 days). Most bought at .001 and the pump moved the pps up for 3 days to .0022, where you bought, thinking it still would go higher.

The chart and T/A showed that .0022+ was the top of the run and the pps was hitting the top of a basing upper boli band.
With most traders being sheep and follow the "supposed top posters", ran with the pps and then bailed on monday.

Typical for all pinks and otc stocks. However, the mistake is to panic and sell if bought too high for a loss and then miss the next upside potential pending because of the NOBO list coming out.

IMHO will show massive short/naked short positions. Also, the Class B shares IMHO were issued to generate 2 things. Allow for some additional $ for QBIT to pursue merger candidates and financing opptys. The CEO even stated "are offering Class B shares to EXPLOIT the available opportunities in the financial marketplace". Plus, I believe with offering a premium share, does not massively dilute the common share structure. Also, the common to Class B are convertible, which is also why I believe they are offering it. Could possibly convert some common holders to preferred, thus reducing the overall common share count while aggressively going after shorts.

The Meaty PR you seek will be the NOBO list confirmation of the massive short position.

GLTY
Best Regards, Not a buy or sell recommendation. This is my opinion only.

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