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Re: fourkids_9pets post# 3798

Wednesday, 04/13/2011 9:21:54 AM

Wednesday, April 13, 2011 9:21:54 AM

Post# of 20257
4K_9P

Watching the trading of JBII yesterday, I came away with the impression that it was sheep being led to slaughter. If there was a lot of nss (I believe so) in JBII it looks like a forced buyin is being implemented. A pop in the morning and then the stock just sat there with the attitude…I’ll take those shares and those…what?… you want to drop the price…ok…I’ll take those too. Then the end of day rally put all shares sold short in a position of loss.

How comfortable do you think the banks or backer are with the nss position in JBII. It is by no consequence that “help” was brought in to contain the up-tick. The group in charge of the stock right now has purpose and intent.

I think that a fair market cap for JBII is around 250M; share price of approx 4.40 p/s. I expect more of the same which is crazy b/c if this was a normal situation I would sell and get out of dodge. Some pull back would be nice, consolidation.

Of course all JMO. What do you think the trading is “showing.” Why the new MM (ASCM) in your opinion.
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