American Asset Development, Inc. (fka AADI)

[otterman]

Just an observation of what the level II looked like at that particular moment. I watch for a pattern where no particular price level has more than 2 MM's lined up as a sign that any substancial buying should be able to break through those prices and move higher. Further up the line there were then 6 MM's lined up at .10, a wall. (eg: if there are 75000 shares available up to a price of .10, and someone puts a market order in for 100,000 then theoretically the buy should pick up all the shares right up to a price of .10). There is no particular rhyme or reason for this trend and as we all know: 1. Once buying starts the MM's will be quick to fill in the gaps and try to bring it under their control again. 2. Market orders rarely occur in this type of market frenzy. 3. Its only one point in time, as soon as you click the refresh button all the B&A's have changed. But it does happen and this is usually where you see stock prices move up very quickly, by catching the MM's off guard. They may then try to establish control again at the new high.

Just my observation, thats all. The market's always changing.

.01 eh? Hmm. It wouldnt surprise me to see it again but it looks like a long way off at the moment. It will be interesting to see what today's news does to the price. Will it level off and hold, or will the market see it as more opportunity to come? We still have the spinoff news to come also, which should stabilize the price at a certain level assumuming they do the traditional PR - 'shareholders of record on a certain date'. And the NASDAQ listing is the wildcard in all of this. How will they get to the minimum share price requirement? Net asset value support or reverse split?

Look for a big dip in price one day, that may be the indication of where you next buying opportunity is.

GL