Saturday, September 15, 2007 8:07:57 AM
on Friday that the company was not selling at all. Im with Brian on this. This is the market makers positioning themselves and trading shares back and forth to each other with regards to covering there short position they had at much higher prices.
EFGO was in the .001 area for several months and this is when most likely very heavy shorting took place and now several months later that the MMs and hedgefunds have the stock at there price target .0001 there covering out.
I have seen this at least 5 times before with other pinkies to where the MMs and or hedgefunds force this down to .0001 so they can cover and shortly after that the stock moves back up if the company is for real.
All the incentives are there for Garr to get this stock to the point where he can get his stock. So my guess is he has a great plan together the next few months to get this stock to the point to where both him and everyone else can make a nice profit.
Key is to buy low while it appears everyone is selling and sell high when everyone is buying.
I still think .0015 - .003 will hit by Dec.
Call me a optimist but I know what EFGO has in regards to assets and if you break the company up and sell each part of there business there in the company is probably valued around .01.
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