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Re: playithard post# 48355

Tuesday, 12/29/2009 3:10:00 PM

Tuesday, December 29, 2009 3:10:00 PM

Post# of 135155
I'm sure I'll get slammed for this being my first post, but, if it hasn't been mentioned already, take a good look at what's most likely going on...A sub-penny stock, pretty high trading volume, tight trading range, and large % changes within this range...It's the perfect day-trading stock! Blame the shorts or MMs all you want, but from my trading experience, day-traders have a lot of control over the price. It's only common sense...If I buy 5 grand worth at .0005, then sell at .0006, then I just made a thousand bucks (I've did this a couple times last week). If you're a pattern day-trader, you can do this numerous times; if you're really good at it, you can do it confidently with much more than 5 grand. The high volume of buys and sells within the .0001 range is evidence of this...I missed a buy at .0004 frown...The biggest risk is if the stock plummets..."If", or for those holding long "when," news comes out or PPS pops, the day traders will simply hold and go for the ride.

I'm not bashing the stock at all, to be honest I know very little about the company other than what I've scraped out of their PRs and a few comments on this board. I have quite a bit of market experience, however, so it makes perfect sense when you look closely at the LII movements and intraday charts that a lot of day trading is going on. MMs certainly have their influence, but more often then not, people like to blame MM shorting in penny or sub-penny stocks as the culprit for the PPS not rising, when it's probably traders buying and selling back and forth. Some people make a living this way wink. Cheers, GLTA.