Thursday, August 02, 2007 1:49:27 PM
Last year, it took about a month for PAIM to wake up. But this year, due to some of us 'lurkers' remembering what happened last year;... we begun running right after the 20th.
Many brokers don't allowd trading PAIM until all the dust settles down, which I've been told today, will take another week or two,... which will take us to that "1 month" period before running hard.
This year, there must have been less inadvertedly short selling, and the O/S will be less than 6 times lower, and with a better and more grown company.
There must have been some shorts, though, due to the big volumes seen some days; specially July 23rd, when NITE was trading in PAIM and Merril Lynch, E-Trade and other big brokers still had not restricted the old shares.
They are now in the process of sending the old shares to the TA, who will send back the 5% certificates.
I've been told that within a week or two, the buyback will be over, and the new 5% shares will be tradeable.
I think this might be upticking a bit, or trading somewhat sideways at these levels, while volume shrinks, until they let the dog loose, LOL !
Buyback is done, and when it settles down, and PAIM begins pumping end of august, with the Ameritraders and other brokerages all over PAIM and its tiny O/S, this is going to fly to pennyland.
The huge signal that we are looking for, is a weekly close above the SMA(156), LONG TERM Resistance.
IMHO.
Follow me at your own risk; look where I'm fishin' LOL
All I say is my opinion &I could be wrong. Do your DD!
http://investorshub.advfn.com/boards/addBrdMrk.asp?board_id=11428
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