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Re: Deewar25 post# 716

Sunday, 12/06/2009 6:57:28 PM

Sunday, December 06, 2009 6:57:28 PM

Post# of 56720
I'd like to hear the logic explained here. You're saying that because biomereports.com did a report, you know for sure that the movement on Friday was a pump-n-dump ?

As posted a number of times here recently, the buys coming in were obviously from one large source, given the chunks and the timing. That source, while officially unknown, threw what looks to be at least $700,000.00 at GCKO. They also bought the stock at at least 70% above its market price, even though it registered as a sell (.015+). Are you arguing that because of a small website's news release $1,100,000.00 of buying came into GCKO in around 2 1/2 hours?

That doesn't quite seem reasonable. Who was buying 5M shares a pop?

This does not look like a pump and dump whatsoever. This looks like institutional or corporate buying which sparked a retail frenzy. I'd be surprised if retail accounted for any more than 25% of Friday's buying.

Biomed may have alerted a few people to buy, but it is ridiculous to think that a mid-day e-mail from them brought on trading of the entire float in 2 hours!

Cheers,
BK