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Re: graphtrader post# 43191

Wednesday, 08/27/2008 10:47:54 PM

Wednesday, August 27, 2008 10:47:54 PM

Post# of 84156
Thanks. But I need to disagree on this statement.

"That is exactly what they will try to do again tomorrow to crush it back to .0001, scare all of us into dumping, hold it there and wait for the R/S to make them all whole again with no covering."

It just cannot be MM's shorting this down. If the MM's shorted this down to .0001 and were waiting for an R/S so as not to have to cover they would never have let this go to where it went. They would have continued to short any upward movement from the 0 bid keeping the stock dead. To be honest. Unless the share structure is way above what we believe. Rough guess. O/S 1.75 to 2 billion?? Emphasis on the question marks. It really is not ready for a R/S. Usually, but not all the time, the culprits wait until the O/S is maxed out at 5 to 10 billion before they R/S. Why would Wiley R/S now? Could he be that stupid? He could have released PR's when this was at .002 and it would have ran hard, say to the major trend line at .00625 easy. He then could have dumped shares all the way up and all the way down to .0001. Say a couple hundred million or so if the volume came in hard with the right news. Nah this isn't MM manipulation this is investors bailing on a CEO that hasn't said a word to his shareholders in what... 1 or 2 years. They took what they felt they could get and ran. This went up hard with no basing from .0004 to .002 on really relatively low volume for this stock. Look 1 to 2 years back. That was volume. If it holds at 4, 5 for a 2 weeks before moving back up a real solid base would have formed here twice. This needed more volume and more churning along the way that it just didn't get.