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Re: sully1215 post# 2446

Wednesday, 12/01/2010 11:35:14 AM

Wednesday, December 01, 2010 11:35:14 AM

Post# of 7574
From a strickly trading point of view it is easy to understand the buyng today.

I watched Level II all day yesterday and there was a lot of intraday shorting and covering going during the day, which based on the news released yesterday it should not have been a surprise to anyone...

Today is most likely some covering, some bounce players looking for the quick flip from the 60% hair-cut of yesterday and maybe a little averaging down, IMHO..

Scam or no-scam, some people will make money on this..

GLTA