Tuesday, April 06, 2010 5:53:54 PM
What's good is, the 1WCash win now begins a cumulative swell of news and wins. Sometimes that's what it takes to break these kind of spells. One win, even as big as 1WCash launch doesn't always do it by itself when the opposition is this tough. But think of it like an earthquake in the ocean. No immediate impact is seen, but for sure the waters have been displaced and the tsunami begins building, unseen. Then soon you have a 50 footer a mile wide ready to slam into land. Now the company needs to bring more artillery to the party this week or next as a follow-up to make sure the wave gets to 50 feet, when then it will do some real damage. In the meantime, all MM's did was take the opp to run away from the 200 on next-to-no V today, because there was no heavy follow-up buy V. Why? Hard to say. Should have been. The stock was all buy signals and there was no real pump in the mix. Maybe the .004 barrier is what most are waiting for to be broken before they pile in. We all saw how that was conveniently used yesterday, which did indeed stall the buying cold. But this is their play and so be it.
Now shareholders react. You either stand tough or you run and give them what they want: more of your shares at low prices. Personally, though I would like to see a stand here, I could care less your decisions. If you sell, I know once they get the shares they seek, this thing will turn and go, esp. now that a major company win is proven and in the can. The otherside knows it's there, but they are taking the opportunity to pretend it's not and use fear, the 200 now, whatever, to get more shares at a steal before the big ride. Classic play from the powers. You'll either feed into their scheme or you won't. I of course will not. They know it's time to go, but why not scare more poor retailers into giving them more shares on the cheap so they can make more money, while retailers blame chartists, themselves and walk away with nothing after this long, except head in hands and shattered dreams. That's of course the goal of the game. Then they they'll take it up.
As for the 200. It's a ticking timebomb for the powers. Yes, they can run away from it, and use it as their ally like today, but it keeps coming lower next few days until it touches down. Sooner than later at these paltry levels, the SP will get over it, and then look out. The 50 is now at .00284. The 200 is now at .00335 (soon to be lower as of tomorrow's open). The 20 is now at .00294. A golden cross is going to form soon whether the MM's/the opposition like it or not (and they know it). That's why today's takedown makes perfect sense. Even why they made sure it printed a .0029 close today. They went the full route today. It's that close to go-time, so why not see what they can do to scare up any more shares on the cheap. And in order to get your shares on the cheap, they have to scare YOU. And that's what today was all about.
All today showed you was it's not the company causing lower share prices on bad performance. It's the game itself. gl
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