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Re: None

Wednesday, 05/23/2007 2:25:52 PM

Wednesday, May 23, 2007 2:25:52 PM

Post# of 9504
As an experienced penny trader, with emphasis on chart/TA trading, I do see one positive here: as any penny stock takes the long miserable road from $15 to $5 to $0.50 to $0.05 to $0.01, the magical $0.01, if reached, seems to always funtion, at the very least, as a springboard for a major correction.

In 7 years of trading pennies I'm not sure I've ever seen a stock where a better case can be made for a correction in the 1,000% - 25,000% range. And that's sheer TA price correction, not taking into account any sort of fundamnetal valuation of the company. (taking that into account only sweetens the potential here, IMO)

It looks like we will reach our penny before the R/S takes place, thank God... and we should have enough time to correct, too. And truly I do not think the board will enact the R/S if they see their PPS making extraordinary gains from .01 to .05 to .10 and beyond...

This stock has been a nightmare but I am backing up the truck as we speak... BEEP BEEP

GL Longs -- I have been very hesitant to enthuse in the past several weeks because I saw this coming, what with the Dutchess situation... but the grande dame WILL cover (she is not stupid) when this reveral happens, and the squeeze will be underway -- and even then the power of the squeeze will be dwarfed by the throngs of daytraders who find this after it's first 60-80% gain day (this will likely happen early next week) and their eyes pop out of their skulls.

Janitor