Thursday, April 02, 2009 2:42:45 PM
the current pump peaked 3 days ago ,
then the price + volume dropped for 2 days ,
and the day-trader shorters arrived yesterday.
Just the usual over-reaction to too much 'good news' ,
that's now all old news.
extra , Sincerely .
P.S. ; The exact same story is about to unfold
in 2 other recent 'good-news' pinks. They usually
retrace to within 20% of their pre-news baseline
within 2 weeks. The shorters wait for the peak to
stall , and then drop ~20% , and then day-trade it
until it is 20% above the pre-news baseline. Chart
fans don't admit this fact , [which is clearly proven
by their own charts] , because they believe that pinks
cannot be shorted. Which is clearly wrong , because MM's
are short ~50% of the time , to 'make the market' , which
is their Only job. Also, retail shorting of pinks is
easy , World-Wide , except through U.S.A. Brokers.
Averaging-Down is profitable for shorters, only [and All pinky CEOs].
Last Shot Hydration Drink Announced as Official Sponsor of Red River Athletic Conference • EQLB • Jun 20, 2024 2:38 PM
ATWEC Announces Major Acquisition and Lays Out Strategic Growth Plans • ATWT • Jun 20, 2024 7:09 AM
North Bay Resources Announces Composite Assays of 0.53 and 0.44 Troy Ounces per Ton Gold in Trenches B + C at Fran Gold, British Columbia • NBRI • Jun 18, 2024 9:18 AM
VAYK Assembling New Management Team for $64 Billion Domestic Market • VAYK • Jun 18, 2024 9:00 AM
Fifty 1 Labs, Inc Announces Acquisition of Drago Knives, LLC • CAFI • Jun 18, 2024 8:45 AM
Hydromer Announces Attainment of ISO 13485 Certification • HYDI • Jun 17, 2024 9:22 AM