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Re: JLPTNG post# 6424

Friday, 05/27/2011 11:26:34 AM

Friday, May 27, 2011 11:26:34 AM

Post# of 31709
todaybrian, Looks like some one is feeling sorry for the MM's who are short this stock. They just sold them 85,000 at the bid of .046. If this keeps up the short squeeze will run the stock back down to .04. Ah yes a bit of sarcasm.

I have no agenda. The stock was recommended to me by a long time investor friend a while back. I researched the stock, liked what I saw and took a substantial position. I have even added to my original purchase. I like the long term potential.

What bothers me is all the talk about huge short position and massive short squeeze coming. I don't buy into that. I think the stock will do very well on it's own merits. I don't believe the SEC has enough employees to monitor 6000 pink stocks to make sure that the sleezy MM's dealing in these stocks play by the new rules.

I also believe the official OTCBB short interest reports.

As I said yesterday and will repeat here. Any firm hired to push a stock can, if it chooses, run the price up (especially on penny stocks) to justify their predictions. I don't follow Xtremepicks and have no idea what their track record is on every stock they push.

As a rule I don't play the pinky penny market and am only here because of my friends recommendation. Most of my risk capital is used to trade options on AAPL, GOOG, NFLX and SU.