InvestorsHub Logo
Followers 13
Posts 874
Boards Moderated 0
Alias Born 03/02/2008

Re: Lurker from Mars post# 6883

Friday, 08/01/2008 3:43:25 PM

Friday, August 01, 2008 3:43:25 PM

Post# of 27909
See now I'm thinking that the selling started on July 7th because even those in the company didn't know how they'd fulfill that contract. The company doesn't really have any assets to speak of according to the Meryl Lynch guy except that large contract. So, people on the inside start thinking we better sell. Then they announce the contract and the selling slowed a bit but then picked up again until the 24th unto which the reverse merger came to view. Now, all those that had sold because of the panic caused on the 7th of July, wanted back in. So of course the pps soared. Now someone put in a short or the mm's played a game or whatever, it donsn't really matter, the price dropped. Here's the funny part, none of the facts have changed. Someone is scarfing up shares like hotcakes, or at least were, at a very severly reduced price. I'm thinking someone had a sell order in at 50-60 million shares all the way down to .0014 because that is where the blow out seemed to stop and the turn around came in. Now whoever that was, was someone who got in down in the low zero's range and wanted to sell and get in at around that same low range. AFterall, they've been selling their shares for a profit all the way from around .0040 all the way back down. Whoever it was, piss on ya as my dad would say. It's just to bad I didn't have an extra $50 thousand to counteract your play and slow the walkdown so you lose money when this takes off again since you would have had to give up more shares to get this thing down to where you wanted it.

Xilo

Join the InvestorsHub Community

Register for free to join our community of investors and share your ideas. You will also get access to streaming quotes, interactive charts, trades, portfolio, live options flow and more tools.