Friday, June 06, 2008 7:27:07 PM
That said, there is still hope in my view for those that bought at higher levels. What I mean by that is although these two characters do not seem to have any problem sticking it to any of you who have already purchased, I would imagine they will be very careful to take care of their friends; so when they choose, you can almost bank on a run to the upside. The news will come fast and furious, it will "all seem great" and the price will move quite sharply to the upside. The trick of course will be to know when to get off the ride. As more than one has noted here recently, the tip off are the large blocks getting bought up almost immediately in around the .001 level. Given the sheer number of shares, and in light of what has happened to shareholders recently AND WHY, it makes no sense that there should be any type of market (retail) for that number of shares, even at these levels....yet, they are SNAPPED up in bunches! Amazing.
From my perspective, the trick is first--will they let it sink to trip zeroes? (i.e. should I wait?) And 2nd, no matter which level they decide is the bottom, will I recognize it in time to maximize my returns as they will eventually orchestrate a nice reversal and upswing. Time will tell.
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