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Monday, June 23, 2008 3:54:27 PM
But I'm holding and hope that I don't end up a pig in doing so.
I might have to get out of this thing anyways. I'm starting to get a slight emotional attachment to it. I just really like the whole story and the way it's fitting together. This is either for real or there are some talented actors at work.
As for the volume in the past weeks, I think an appreciable amount of that was people panicking. First, there was the perceived 5/31/08 deadline for a deal being announced. People wanted in before and then when nothing, they wanted back out. As the price dropped, more people bailed thinking they could get back in lower if something good happened.
I also think the there are extra shares floating around out there. I don't believe that all the shares being given out in exchange for services are restricted. But that's not a bad thing. That's a good thing that they would take shares and it's expected.
If the company is buying, that accounts for some more volume and then lastly, I think there are still some shenanigans with the market makers. I don't think they can help themselves, it's just their nature.
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