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Re: tteg420x post# 2424

Monday, 08/15/2011 10:00:50 PM

Monday, August 15, 2011 10:00:50 PM

Post# of 6595
We have traded between .10 and .28 the last 3-4 months. Had one real good run to .28 that failed to break out over .30, which is major resistance. Someone, an MM perhaps, has been playing this spread and thin volume by selling at bid to trip stop loss orders IMHO. It has been as high .70 the last 2 years with the right news, and stayed well over .30 (and traded in the .40's) for a good year, before last summers panic selling in the markets knocked it down under .30, and then rumor was someone forced it down to .15 and under for 20 days to set the price for debt conversion to common shares, as .15 was the contract minimum.

The volume here is very thin, to none at times. I have been accumulating for two years. I am in for the long haul.

I watched an order 2-3 months ago fill at .18 for 100,000 shares only to see the MM's immediately walk it down to .10 for two weeks until they covered the 100,000 shares they sold at .18 that they never had!!!!!

This is not an easy stock to day trade!!! But only fools or MM's sell at huge loss on a stock like this.

Ambition with out knowledge is like ship in dry dock. Going nowhere fast!

Volume:
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Total Trades:
  • 1D
  • 1M
  • 3M
  • 6M
  • 1Y
  • 5Y
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