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Alias Born | 03/04/2006 |
Tuesday, March 04, 2008 9:56:22 AM
We agree on some points. I'm not at all convinced that it was shorted down. If there was imminent news it would have been run down quickly on light volume (it was - so fast it reminded me of the dot com days) but then there would have been buying pressure that caused a hard rebound - there hasn't been. IMO there was an orchestrated run up to .02 then a quick pop to the 50. This created an artificial high to start a dump. The problem with the plan is the idiots followed immediately with an unleashing of truckloads of shares to MM's that caused a fall so quick they couldn't drop the price fast enough. Simply supply and demand.
The MM's trying to unload the shares kept selling by the millions even after it went sub penny. That part is fact - the trade records and charts don't lie.
So....with the recent memory of that kind of manipulation fresh in the minds of who ever is holding shares at or above current prices, why would they hold this for a dime? Answer: They wouldn't they would flip out of this at the first sign of B E or profit depending on their tolerance.
Again - the only thing IMO that will change this is whispers followed by REAL FACTUAL VERIFIABLE QUANTIFIABLE NEWS. Then some will hold. Company Management / boiler room: Did you get that?
Also, did I miss the statement from co mgt after this massive selloff that explains the action or at least states that there has been no dilution and quotes current AS, OS and float? Please do it quick!! I'm holding my breath!! LMAO!!!! And if this is a low floater, 15MM in trades in a day is a selloff in my book. Look at the trading activity before and after.
AJMHO
BTW: I'm not a basher or pumper - I've just been at this awhile and I call 'em like I see em.
DD
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