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Thursday, June 10, 2010 8:04:35 PM
I sent him a PM and said that the reason I believe people feel secure after the Monkinars is because they have met Monk and other team members and they have faith that he has a plan and after getting to know him they have faith in him and the team. This answer was unsatisfactory to him. He wants specific information about what will trigger the squeeze.
IMO the answer to that is that no one knows for sure. It could be increased buying pressure that puts pressure on the MMs. It could be that there's a percentage of the float that once they've shorted they decide is a trigger to cover. It could be an act from the company, such as uplisting or issuing a dividend. It could be other things as well.
The real answer is that everyone needs to evaluate their own investment and their own reasons for holding. No one invested here based on the fundamentals of the company. And if they did, they made a bad investment. Many invested because of the FLD concept. If that's the reason, you have to ask yourself what's changed. When we bought in, none of us knew what the trigger would be that set off the squeeze. I understand that people are getting antsy and that some of us (including me) are in the red. But as Greedy correctly asked, what's changed? If you bought in because you believed in the FLD concept, Monk and others are still saying that it's a go. During the big run up to .71 no one knew what the trigger would be, and no one knows now.
I thought Greedy's questions were valid. But its just my two cents.
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