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lowtrade

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lowtrade

Re: doctorS post# 3501

Thursday, 06/30/2005 5:59:18 PM

Thursday, June 30, 2005 5:59:18 PM

Post# of 44374
doctorS

During early June's take down, we saw large after hours trades close at or below closing bid, as hedge fund guys accumulated for a channel swing play. Since the bottom around $2.80 we have not seen these after hours trades closed.

They accumulate at the bottom of the channel and sell to the top. June 9 to June 14. Then they walk it down and finnish with after hours trades at the bottom end again. June 14 to now. 2 days of after hours trades at or below close of day.

IMO the channel they want to trade is +/- $2.80 to $3.30 for 50 cents. I expect this channel swing to go faster, this time, because they have to get it up and back down before Q1 Sec filing Aug 15th.

Success !!! http://www.investorshub.com/boards/board.asp?board_id=3972 Welcome to my mind!

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