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Re: Line1 post# 2635

Tuesday, 05/03/2011 9:39:16 AM

Tuesday, May 03, 2011 9:39:16 AM

Post# of 76359
Here's where we stand today. My other two potential buyers are very interested but they are not willing to commit at this time. They want to see some type of recovery - any recovery. They will be happy to enter the stock at slightly higher levels. I bought 650,000 shares yesterday, and the stock went no where. I was swamped with sellling. Basserdan was actually right. People sold on the news and took their short term profits from their purchases below .01. What is the point in buying another 500,000 shares today? How many millions of shares do I want? Ten Million? Fifteen million? Twenty million? See, it gets to a point where the market will dictate price structure. I could easily buy several million more shares today and artificallly run up the stock to say .04 or .05. What is the point? Without any significant news to back it up, the stock will turn around and sink right back to .02. I will have another 2 to 3 million more shares and the stock remains at the same price level. If you look at the time and sales chart for yesterday, every time I bought 100,000 shares there were about 10 sells. The stock will hold nicely here on its own. Let's just monitor it.Oilbird.
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