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Re: reversesplitFTW post# 8028

Monday, 09/22/2008 5:56:25 PM

Monday, September 22, 2008 5:56:25 PM

Post# of 58002
Can't argue. It could very well hit .006, even as early as tomorrow. Keep in mind though, there may not be any volume there for buyers. Even today, when the bid support was breached at .008 and dropped to .007, there were very few shares traded at the bid. I got 98k filled on a 200k order at .008 the last hour or so. My guess is if we see a bid at the support of .006, most trades will be at the ask around .0075 or .008. I guess it also depends on how many shares you're dealing with. If it's only 1 or 2 hundred k, then you may be able to get out and back in; if you're a serious player with a million or more, you won't be able to sell here and get back in for less imo. .006 is a major support level, so I expect many to rush in if it gets there, besides being set up for a pincher play due to the rapid capitulation. Should be a great buying op here.