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Post# of 6903
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Ecomike

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Ecomike

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Re: jd19 post# 5111

Friday, 10/28/2011 6:33:39 PM

Friday, October 28, 2011 6:33:39 PM

Post# of 6903
He is saying that level II bids were piling up (the real market,real buyers, thus the "something was up message) and the MM's (the manipulator market makers, brokers...) had to cover their shorts fast.

When a stock gets as oversold as MNLU was, and real buyers show back up in volume, the shorts must scramble to buy to cover their shorts, thus a bidding war starts and the price runs up to its target very fast. The next target is .40 to .50 now. Good chance we will see it early next week before any serious correction gets a chance to take hold based on the stocks strength today.

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

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