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Wednesday, March 31, 2010 9:27:36 AM
Poorme is right in that the hype has been scaled down, and it is reflected in the relatively small change in pps with each successive "good news" PR. The problem is that there is so much resistance at levels in the high twenty's and above (with all those that got shares dumped on in the prior 6-7 months) that no MM will dare to take it up to those levels unless they are guaranteed that there is a new crop of retails ready to buy into those levels. Without meaningful events, I would be shocked to see this up there anytime soon. I estimate close to 500-700 mbillion shares are held by retail at those higher levels, most of whom are just waiting to break even and get out.....
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