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Sunday, March 06, 2011 3:09:59 PM
If vendors are dumping millions of shares to be "paid", they would be advised to stop; and let "traders" make a little money by letting it bounce naturally.
There does appear to be an increased demand for the shares. It's coinciding with the Rheingold roll-out. But the demand is no match for the selling pressure. The vendors are actually ruining it for themselves, but who knows, there may be no end to the number of new shares we are going to see this spring.
If some support appears, vendors that want to sell will be advised to do it more slowly. The crush of new shares appearing at the rate we've seen pulls the rug right out from under the share price.
If the heavy selling pressure reappears as it did every day last week, the bounce will be deflating, and we could be in the .002's before the end of the week.
I'm just a bystander right now, but it all seems pretty obvious to me what's unfolding in front of my eyes.
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