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Re: Ben549 post# 29423

Thursday, 04/14/2011 4:09:29 AM

Thursday, April 14, 2011 4:09:29 AM

Post# of 34471
Well the situation in my opinion could have gone from mostly a huge loss to a total loss

If the stock reopens with no further news and even with the China space implosion supported by the short interest $3-$5 could have been attainable on the 1st days trading although many have stated that it could go higher and lower than that given the volatility.

The downside of the extended halt is that the longer this goes on the more damning the news and its accumulating. Marco has just resigned but what else will come out to hammer the price further when we return to the pinks? At this rate we would have been better off trading on Tuesday as planned.

Furthermore there is surely a possibility that whilst we are extended more very serious news may reach the surface confirming a significant fraud and Nasdaq / SEC may determine that CCME cant even trade on the pinks again then we are all screwed the short interest wont matter...double blow

"The pinnacle in my career financially wasn't acquiring the rights for Baywatch but my investment in CCME in Spring of 2010" I owe Fernando a few drinks for that one" David Hasselhoff on LARRY KING

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