Friday, August 27, 2010 1:53:02 PM
a confirmed r/m would indeed spike this over .001 -- and that's a very conservative estimate, it would prolly be closer to .002. but there's a very good history to why the shibboleth 'buy the rumor, sell the news' exists. and there is no doubt that an r/s will accompany a r/m.
think about it like this. you buy a company, you want control of it. the easiest way to do that is to limit the controlling interest of your shareholders, as versus your insiders.
as for the float, SEWC traded over 5B shares last year, and it's done more than 4B this year. i'd love to be wrong, and hopefully i am, but the cynic in me -- my one salvation in playing this game -- tells me the float is prolly closer to being between 1.2 and 1.5B. that amount, fwiw, will not preclude a run.
i'm looking for a break some time during the next month. this gets very positive over .0003.
btw smitter, i look forward to your further DD. i like your sense of diligence.
good luck to you and ALL!
rich
think about it like this. you buy a company, you want control of it. the easiest way to do that is to limit the controlling interest of your shareholders, as versus your insiders.
as for the float, SEWC traded over 5B shares last year, and it's done more than 4B this year. i'd love to be wrong, and hopefully i am, but the cynic in me -- my one salvation in playing this game -- tells me the float is prolly closer to being between 1.2 and 1.5B. that amount, fwiw, will not preclude a run.
i'm looking for a break some time during the next month. this gets very positive over .0003.
btw smitter, i look forward to your further DD. i like your sense of diligence.
good luck to you and ALL!
rich
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