Monday, October 29, 2007 7:01:27 PM
Wing, There's is no doubt in my mind and (I can't fathom how anyone can dispute) that the current retrace in PPS on 10-15M share days is directly attributable to:
Lack of interest and immediate gratification by traders (and maybe some longs alike)
A delay in the STv2 release by 3-4 months.
A genuine feeling by many that the PPS will go lower before it goes higher and allow for getting back in lower.
Many bought in during the July/Aug. run up when we traded 40-50M shares a day. Much of the stock is held in strong hands and even those that bought in in the .002's probably don't have much of an incentive to sell at this point.
I personally believe this could go back to .010 and more on volume of 40-50M shares and can't wait to express my brilliant prediction in a post copy when this happens within the next several weeks.
Lack of interest and immediate gratification by traders (and maybe some longs alike)
A delay in the STv2 release by 3-4 months.
A genuine feeling by many that the PPS will go lower before it goes higher and allow for getting back in lower.
Many bought in during the July/Aug. run up when we traded 40-50M shares a day. Much of the stock is held in strong hands and even those that bought in in the .002's probably don't have much of an incentive to sell at this point.
I personally believe this could go back to .010 and more on volume of 40-50M shares and can't wait to express my brilliant prediction in a post copy when this happens within the next several weeks.
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