Friday, December 28, 2007 11:29:17 AM
I know what you mean, been there many times with those peeps... not much you can do except be patient and wait on the bid, but we're talking about a few bucks difference at this stage whether you get in at the bid or the ask.
Short term I see us meandering along between 1 and 4 cents. There will be peeps who lose patience and want to get there money on another play and as we saw yesterday, a small amount of shares can send this down quickly. On the other hand, a small amount on the buy side can send us UP just as fast!
As we get closer to a "done deal" rumours will be abound and momo players will return. The price should respond very favorably then, probably touching or exceeding our current 52 week high of 8 cents. Depending on the partnership we land we could easily hit 20 to 30 cents upon the announcement before profit taking brings us back around a dime. Who knows at that point though... it all depends on the potential of the new company.
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