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Re: Drumstick post# 283

Friday, 04/30/2010 8:52:43 AM

Friday, April 30, 2010 8:52:43 AM

Post# of 328
Its a really tough call Drum.
Chances are its going to go both ways right now as people will be flipping this at an incredible rate. You could have massive accumulation by institutions which is why you probably see the stock not plummeting to single digits. Daytraders will be jockeying for postion putting in buy orders on pure speculation and trying to flip them for a quick profit when the shares get scooped up. This type of trading is very fast as you saw yesterday afternoon, when it settles down the price will probably be quite low. If I was caught in this bankruptcy I would be looking for a way to make my losses back but could also lose even more in the attempt. I couldn't even guess at a price right now, I have no problem giving opinions at times but in this situation I hesitate for the fact that it would be incredibly pure speculation on my part based on absolutely no due diligence or any technical analysis whatsoever.

Rocky

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