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Friday, February 24, 2012 1:51:56 PM
This is an extremely weak correction on very low down volume, signaling a couple of sellers are responsible for the drift off. MM will just pull their BID support and let the idiots sell their shares at lower prices.
Most investors are hold their positions closely with the total volume the past few days a few million shares at best. In a real sell off, the DOWN volume should be off the chart, this is a Creep Off.
The UP volume on many days the past few months have been over 3 million a day.
When you have the News letter hype on the stock this is what you often get, a few new traders for a few days and then they leave and take their penny's with them.
Such is life in Penny Land.
Nasdaq is coming by year end!
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