Facts- close @ .0003 is MM bs-why? Trade was for only 100K sh-$30.00;
and consistent buys all day long in 2-9M share range mostly no lower than .0005+-. MM's kept trying to walk the pps down all day, seen thru L2 trades of higher bids passed up for lower bids, "creating" a false sense of insecurity among smaller traders. Combine that w/flippers taking profit from buying @ .0003-4. Real # IMHO of pps today was .0005, down a little from high yesterday but still strong on large block trades; w/pending news. So close to a huge pps upside. If launch of comcast deal/ANTV channel is Feb., likely by early next week news out confirming the deal. Then .03+ pps or more.
The short term run of pps from .0003 to .0008 last few days based on increased volume-interest w/pending comcast deal that was leaked from Myspace.com. Plus, chart/technical indicators showed pps riding top boli, strong rsi, macd cross +, strong stoch, strong obv and of course Momo...great short term play.
Icing on the cake is short position; which if comcast deal is valid, shorts are fuel for the fire.
Key issue-Dressel has such success in this industry, $1.5B rev.w/previous work. And affiliated ADNL w/top entertainment law firm Greenberg; that has completed many large cable deals.
Plus-Greenberg represents some of top music talent in country music.
(CMA, Grammy award winners). IMHO, use this oppty to soak up more cheap shares prior to near term announcement.
Best Regards
Not a buy or sell recommendation. My opinion only.
