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Saturday, July 14, 2007 12:03:49 AM
This latest spike has been different from other recent surges in pps which have come after PRs. They have usually dropped off very quckly as dilution continued.
There seems to be no dilution left and the spike has held so far. I believe there are a lot of long-term holders with substantial positions who will continue to hold for quite a while. This should help maintain (and hopefully increase) the gains.
It seemed like the latest run started just after we heard Fedfundz's report on the reaction of seasoned traders to demos given at the Spooz office. It looks like the buzz is spreading. We have new posters and boardmarks are increasing.
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