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Tuesday, November 14, 2006 2:50:08 PM
Wacking the bid is a bad thing.
People hitting the ask moves the stock up, where as people selling at the bid moves it down to the buyers sitting there, and then makes the buyers think they can purchase even lower. Hence the stock moves down.
Todays trading is indicative of buyers wanting to buy, but they are taking their time.
Patiencepays0
ALL Penny stocks are RISKY!!
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