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Re: ST Trader post# 396

Tuesday, 06/28/2011 12:07:41 AM

Tuesday, June 28, 2011 12:07:41 AM

Post# of 1555
Highly interesting. I'll refrain from adding my opinion because I have my own interests, but I don't think someone is TRYING to exit a large position. I think someone already did exit a large position, aka the 400,000 shares sold at once at .25. Obviously the buyers of that chunk are fine selling at .29 and .28 for some nice profit in the short term.

Painting can only do so much for so long, too. Either the bid will start marching or the ask will start slipping.

Do your DD, form your opinion, decide what you will. Traders gonna trade lol

One more thing though, if you are thinking more short term, this is probably not the stock for you. For its volume, its yearly trading range is tiny. And we are on the up side. We need a 3 year breakout for the PPS to move up. If you don't have the patience and aren't willing to hold it through dips, it may not be for you.