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Friday, 03/25/2011 9:29:15 AM

Friday, March 25, 2011 9:29:15 AM

Post# of 94785
I don't think we bottomed yet either. For one thing these stocks pop on earnings, but are quickly sold off, noone is willing to hold these names long term. Secondly companies are getting halted constantly, and executive resignations are becoming a daily event. Third Shorts have gottern more brazen than ever, when Ian Beznek can drop a KPMG stock, that tells you even incompetent shorts are controlling the market. Fourth on the buyouts, nothing has happened and until one actually does IMO its just a scam to inflate the stock price, like announcing buybacks you never do. I truly hope this is a bottom, but I just don't see it happening because noone trusts the numbers/auditors, which IMO is a problem that takes months to solve. Its clear this sector won't bottom on valuations, we need a catalyst such as these buyouts going through.
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