Tuesday, July 07, 2009 11:39:12 AM
1. From watching L2, it seems players using {DOMS, HDSN, NITE} want to contain this in the 001x range while they load. Each time it's tried to run, one of the three has anchored the ask, occasionally even printing trades below the bid.
2. Due to the lack of movement (see 1), general retailers might now believe the 0015-0016 range reflects the value of the GC concert.
3. I expect most of us have already loaded our boats in the 000x range, and not many of us are still adding. So we may need some fresh eyes on the stock, or just a new compelling incentive to leverage ourselves deeper in the MTP corner.
If so, we may linger here in the 001x range until MTP can PR some new concerts, IP (film, scripts, etc), or some tangible profit/share figures for the GC concert.
Regardless, seems upward is the eventual destination, so just a patience game, as was EESO last Fall.
99.99% of all pinks are scams. Best to assume the other 0.01% are as well.
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