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Re: grawsha post# 5772

Friday, 08/20/2010 9:08:01 AM

Friday, August 20, 2010 9:08:01 AM

Post# of 49066
Not trying to look smart...just trying to ensure I don't lose my money chasing Momo. Your response worries me even more if I was looking to 'take a piece' of this one. What your saying is that what the company is making money on boils down to 'translation services'. Care always is needed when there are no / low barriers to entry. This qualifies as that kind of company. Another question: How does this compete with 'free'? The apps they are targeting has 'open source developers' already in the door and offering their apps for free:

http://source.android.com/

If, like most out here, the objective is to make money and not lose money, then my questions shouldn't scare anyone. It is the answers that are important.

I also get that momo and SS can carry the day. I don't care what the charts say. Made tons myself with Momo, but as someone who did not get in on the run, I'm not hearing that this is the one to chase. My biggest fear is that this will gap in the AM. It's a red flag for how the MM's mess with people's psychology and pull in newbies who think the run is continuing. They throw in while the MM's short into the madness and the more experienced traders exit stage left. That's why I posted that if someone is to take a dip here, they might want to wait and see where this goes before 11AM.

Either way, since I'm not biting this time, I'll move on. Don't want to disrupt the board by just asking questions if people here have already moved past that point.

GLTA & happy trading
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