Monday, June 28, 2010 8:35:42 PM
If peeps are afraid this is a classic pump and dump, they should go follow what one that actually is a P&D for a comparison. Hall of Fame Beverages (HFBG) was a recent victim of one. Go look at their chart from last week. They announce a decent PR about a national distributor for their product, then flooded the market the very same day with over a BILLION shares. Just check the volume chart.
We aren't seeing anything like that here. First off, the increase in A/S is minimal, not in the billions. It looks more like a financial cushion/options to me instead of the classic P&D money machines a lot of these pinks do.
Personally, I'm gonna be looking to buy more cheap shares tomorrow should there be another panic. I did pretty damn good on the last fear sell-off from the now canceled R/S sneaker of early June.
Remember the old trader's saying..."Buy funerals...sell weddings"
GLTA
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