Wednesday, December 15, 2010 11:23:11 AM
When they are forced to cover. Only sustained buying pressure will force them to cover. If the buying pressure tails off, they will continue to relentlessly short this until they turn the tables and force the longs, out of fear, frustration, etc. to sell their stock. Only the true longs will be left, and they will continue to think they are getting a bargain buying "cheapies", while those cheapies continue to get cheaper and cheaper.
So it's really up to those longs or potential longs with dry powder to step up and buy, instead of being cheerleaders. Otherwise, this stock will end up like 99%+ of the other penny stocks out there - worthless.
Not a basher, just a realist. I do have a position, got in at .002 yesterday. But I do realize that the MM's hold virtually every advantage, and that for "us" to win any of these battles is quite rare indeed. That being said, in that rare instance we do win, the moves can be quite large.
The key, IMO, is to keep your losses small, so that when you eventually hit the big one, those gains outweigh the many losses that will eventually be incurred.
Anyone who claims I'm a basher, fire away. Again, I see myself as a realist who dosen't trade on emotion or delusions of grandeur.
So, lets see if IGSM turns out to be the exception, or one of the many failures that the penny stock market produces, thanks in large part to slimy MM's who short these stocks into the ground simply because they can.
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