Tuesday, March 15, 2005 11:03:14 AM
The Dutchess deal was announced in September, if I remember correctly. La Jolla's shorting spree completes in November 2005.
The weekly chart below identifies some of the subtleness of the volume game underway. Average volume nearly doubles from the September addition of Dutchess. Vertical lines identify obvious periods where new shares are greatest. Single print divergence all but confirms the mathematics involved. And remember........ this is a weekly chart. If a daily chart were employed most every day would be shown where Dutchess and gang are cutting bait for the coming share destruction. Until then; La Jolla converts and shorts; whoever has warrants can jump on and short; DNAP is exercising puts; etc, etc. When the new bedfellows get their position cut, they can short on the volume being distributed now.
As long as they have new shares to sell, they will shove the price upward on ocassion so that it will not fall completely to the bottom of the pit.
There comes a time when you define the moment, or the moment defines you. - Tin Cup
PickleJar Debuts Nationwide Contest With Brian Kelley for Fans to Win a Three-Day Bahama Cruise • NREG • Jun 3, 2024 8:45 AM
ILUS Provides an Update on the Binding Term Sheet Signed with Actelis Networks (NASDAQ: ASNS) • ILUS • May 31, 2024 12:52 PM
Element79 Gold To Provide Summary and Update on Active Exploration Program, Community Relations at RMEC on June 4 • ELEM • May 30, 2024 1:18 PM
Branded Legacy Secures Exclusive Extraction Partnership with One of the World's Largest Kava Distributors and Producers • BLEG • May 30, 2024 8:30 AM
ECGI Holdings, Inc. Announces $2 Million Debt-to-Equity Conversion • ECGI • May 30, 2024 8:30 AM
North Bay Resources Reports Assays up to >25% Mg, 0.1% Ni, 0.1% Cu, 0.01% Co, 0.3 ppm Pt at Tulameen Platinum Project, British Columbia • NBRI • May 29, 2024 9:03 AM