Looks good to us shorters,,,
Way too few longs are holding way too many shares.
And, those momo's have probably held most of them
through the peak, and are now down 50%.
The momo's we know, hate that. Even if they are still
sitting on small profits. They are never supposed to
hold through a 20% drop after a pump. That's why we
start shorting there. Then the momo's hit the turbos.
And, it's usually 2-4 weeks to a quick + riskless
30-80% short profit. Then, we cover all, in 20% steps,
until all out. If we move too fast, in steps over 25%,
the market counter-acts our profits. Both ways, shorting
or covering. It's an old method, that still works good.
But, since the "UpTick Rule" was cancelled, a few shorting
momo's have tried shorting on downticks. Just to see how
good it works. It does drive the target down much faster,
especially on thinly-traded pinks + pennys, like copi.
But, they make ~30% less profits, which is OK with them,
because it's ~twice as fast. So, about half the risk.
We love it if one of them does it, while we don't. It does
not look that way, so far. But, it could happen, soon, on
the next copi pump&dump, if there are any 'surprises' with
the 10-K, especially if it is late, and/or the Auditor quits.
We are totally out of most stocks 90+% of the time.
Except for a few, that do 2+ pump&dumps per year.
If momo's really have ~75% of copi floaters, that's great.
But, of course, only the copi long-term longs believe that
there are currently only 120 Million floaters. The 'trend'
indicates that there are probably 250+ Million now, since
there were 120 Million 4 months ago, and 'only' ~50 Million
reported in the 10-Q for June '07 that was Filed with the
SEC in late August, 2007. And, copi never tells, [earlier
than required by the SEC], how many new shares were launched,
and the TA is wrapped in the Gag-Flag, which is always Red
for longs, and Green for us shorters.
GLTA. Less than 9 hours until race time,
and 8 hours until warm-up. Good Night.
Averaging-down is profitable, for shorters, only.
