Thursday, December 30, 2010 4:35:28 PM
Haven't such people heard "buy on rumor and sell on news".
There was nothing in the PR's bottom line that was news to me or anybody else following the extensive and excellent dd on this board by many longs.
In fact,the 1st quarter estimates are less than previous estimates due to the delays associated w the separator. Before the separator delays they expected shipping of 100k tons/month beginning Jan,which the PR has now indicated won't be accomplished til the 2nd quarter(i.e 100k tons/month).
This doesn't really matter in the long run and I am bullish on the stock as many know but,especially given past PR responses,I was actually surprised (unless shorts were nervously covering)it jumped so much this morning.
My question was: Didn't people believe the most extensive dd I've seen for a penny stock ,which has been posted on this board for months???
The bottom line is that the above is a better reason for todays trading pattern than the unsupported theory of dilution.
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