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Alias Born | 08/24/2010 |
Thursday, October 07, 2010 7:13:09 PM
Here they come with the hard push down. The MM with their 5000 share trades to lower the ask, the BS funny men with their little innocent comments, the stalkers, and more importantly, the sleepers. The groups of two or three that profess knowing one another or acting like they have been around forever, the trojan horses who ramp up expectations waiting to play the dump.
My time table for this deal has not changed, I still say mid-November at the earliest, BUT I WILL STIPULATE it may be earlier, if we see the PURCHASE volume exceed 10M shares in a day($400k) AND a SP over .05. But understand, the MM will stop at nothing to hold this price below that level.
If the purchase volume hits 30M over a couple of days next week, with or without a JV announcement, the stock will run (my guess is .05 to .06). The NS will be in retreat and will start to cover, reload and try again at the next resistence level. For the MMs, IMO, the price will have to exceed .10 before they approach their bond coverage, so they will play the game, at no cost, all the way up. And be crazy to turn it around.
Do not let next week be the new montra, it has always been next month, And this time, I think, IMHO, you can bank on it.
If Your In, Your IN
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