Friday, April 09, 2010 12:08:17 PM
There were also many mini runs and some bullshakes (fake run up to get people to sell early) on it's way from $0.60 to $1.60.
Cdiv has a larger float (60 million) so it could run even higher it all depends on when the squeeze actually starts. ie if it starts at $.70 it could reach $3.50-7.00 if it starts at $2.00 we could see $10.00-$20.00.
But it will take many days with very high volume for the MMs to cover so a single day or morning or afternoon is not easy to pinpoint.
Hope that helps.
Also just to add to my last post. It's not like the MMs will say hey let's buy back 40 million shares today. Could you imagine what would happen to the share price with that much demand.
No, you will see the MMs switch to the bid, they will try a run up to say $2-3 and see who sells. Then they may try to bring it down a bit and see who sells, then they run it again.
All in hopes of getting back 40 million shares. This will last for days or weeks. It will also invite more retail buyers who want to buy based on momentum, charts, or getting in at the start of the squeeze. So we will have the MMs and retail buyers fighting for your shares creating even more demand. The key is to watch for the volume over many days and know that they will need 40 million shares.
So you may not be able to pick the ultimate peak but if we are going to see a 5-10 bagger you will do very well somewhere in that range as long as you are patient and wait for the volume and don't fall for the games along the way.
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