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Alias Born | 02/24/2007 |
Wednesday, July 08, 2009 11:58:12 PM
There are 32M shares out there in several hundred different accounts. At a nickel a share that's about $1.5M dollars worth of stock. I also think with the amount of exposure this one has had that there are probably alot of folks in this one that don't know how to really trade in and out of an OTC stock. I have seen some absolutely ludicrous trading. But not everyone has L2. And even those that have it don't always know how to interpret it. There are also people that are momo players that buy and can't stand holding anything more than a day or two. There are also people that are probably slightly green at times during the day and they can't stand to look at green in their account! LOL.
I'd say the stock is trading about normal right now. I do think that the market will decide soon enough that the real trading range for this is well over a dime though. There are just too many things that these guys are doing right. I encourage folks to email them or call them or visit them.
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