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Re: SpunjHamr post# 12570

Tuesday, 08/10/2010 6:49:12 PM

Tuesday, August 10, 2010 6:49:12 PM

Post# of 26968
The thing to make note of here is that the volume / selling appears to have come to a halt. Thankfully, the panicked are either gone, or have come to term with the fact their profits will not be made with a 'quick trade'. I feel badly for those who dumped @ .0008. Any significant selling at this point would be MM shorting, though I don't know why they would decide on such an action. The retrace gave them what they needed and shares shorted here will likely be covered at a lost if any news / significant buying.

IMO, this is the point where you accumulate significant numbers of shares and wait for the next run. We already know that in 2-4 weeks, there will be more news. The extent of that news in unknown, but we'll likely not be at this level when that occurs.

I like IrishLad's statement about long's losing their perspective. Let me help with that a bit. AVTI is up 350% during the past 3 months...80% in the past 30 days of trading. I haven't seen those returns in the overall markets since pre-naked-shorting phenom.