Saturday, December 08, 2007 9:15:06 AM
Curious what your intentions are here? Because, you are not providing anything of value at this point.
It is obvious to me that this stock is being manipiulated to the downside by short-selling and prehaps most notably by market makers. The current share price in no way reflects the true value of this investment. It is hard to watch this story unfold at this time and in this way but I am confident in the future and continue to accumulate shares at the same $$ incriments. The shorties can only take this stock down so much, until there is no more value to be gained.
Here is what I think is going down:
Rather then holding and waiting for true value to meet up with true earnings ect... the paniced shareholders are selling at any cost for fear of futher declines. Many have made a pretty good profit if converted at $0.75. That may be the true bottom on this stock.
While they are selling driving stock down, along with other frustrated shareshlders, the MM is making money on borrowed shares, borrowed at higher prices and then rebought in the open market to cover the borrowed or short position.
Ok, Say I bought at 1.80 and have shares in my account. The MM borrows my shares from their "stock record" and "assists"(selling along with paniced SH, the famous 100 shares lots) the stock down to 1.50, then goes to open market and buys shares back at 1.50. He just made a nice profit. The stock is back in my account but at the same time the illusion of stock being bought makes speculators come in and buy shares at 1.50 driving the stock back up to say 1.60. The MM, since he sees both side of the trade, then borrows the new stock at 1.60 and "assists" it down to 1.30 and makes profit, then goes to market and buys the shares back to cover the borrowed shares. Add to that naked short selling and the problem is magnified to huge fluctuations to the down side as we have seen recently.
Too me, looking at the tape on a trade buy trade basis, I come away feeling that that is what is going on. It could be that, ultimantly, the MM has a very large buyer coming in wanting very large position at lower prices. This is where the manipulation could be stemming from.
But who knows. The fundamentals are there from what I read and look forward to better days ahead.
SUP G..........
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