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Thursday, June 14, 2007 5:11:10 PM
the ask was mostly at .0033 all day, just temporary cave-ins by the financiers... usually they let it go back up at the end of the day... maybe their getting close to being totally sold out and just don't care about the closing price anymore
if that's the case, that's great for us so they won't snuff out any rallies like last time
does anybody have an idea about how we could estimate the number of shares that the financiers still have?
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Warning: I have no idea what the heck I'm doing... subsequent posters please correct my efforts
If I recall correctly, I saw numbers on the board like 600K... were those referring to dollar amounts?
Based on that, assuming 0.003 per share, they would have started with 200 million shares.
At an average of 12.9 million shares per day traded (last ten days average), assuming 10 million are coming from the financiers, that would put us at 20 days. Any volume spikes would obviously accelerate this.
Okay, that's probably totally wrong, and hopefully someone can straighten it out and give a better estimate.
God grant me the serenity to deal with the things I cannot change; courage to change the things I can and should; and wisdom to know the difference.
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