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Wednesday, March 24, 2010 11:47:40 AM
GO MVTG BULLS!
I am adding a bid at about .04/.025 now, as this could turn into a huge buy op the next 2 weeks as the market sells off some, early in April, post march window dressing. There is just not enough liquidity here lately to hold the price up when some one dumps shares.
I am under the impression, that unless some one is painting the tape by selling themselves shares (MM to MM, which may be illegal, but is done in penny land so I hear) that penny stocks are not allowed to be sold short, it is not allowed from what I have read, so this .02 price was a lack of orders waiting when some one decided they needed to cash out. Just what I was waiting for with my .10 bid. I got lucky about 3 months ago when someone dumped CABN shares at 50% off, price fell to .06 from .12 that day, and I added 1000% more shares that day, and doubled my money a week later.
GLTA
I am in and will trade when possible, and will hold a reasonable base of shares long now for the big day down the road, doing the same with CABN.
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