Thursday, June 14, 2012 4:10:10 PM
Something is very curious here. When the market was just opening today there were about 42 million shares of RXPC on the ask at .0002.
Now at the end of the day, there have been almost 129 million shares traded ... but there are still over 24 million shares on the ask at .0002. So where in the world did those 111 million magical shares come from? Contrary to popular belief, the size of the ask did not go down in consonance with those alleged buys. Is it just possible that these trades were not buys to begin with?
IMO what we have here are the lenders converting debt owed them into shares and immediately selling them for a nice 25% profit if one assumes their basis is .00016.
But wait, that's not correct ... it can only be the evil shorts and nasty MMs.
Good grief! Why should we expect tomorrow to be any different?
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There exists in society a very special class of persons that are always referred to as the Believers. These are folks who have chosen to accept a certain religion, philosophy, theory, idea or notion and cling to that belief regardless of any evidence that might, for anyone else, bring it into doubt. They are the ones who encourage and support the fanatics and the frauds of any given age. No amount of evidence, no matter how strong, will bring them any enlightenment.
Anonymous Quote
Now at the end of the day, there have been almost 129 million shares traded ... but there are still over 24 million shares on the ask at .0002. So where in the world did those 111 million magical shares come from? Contrary to popular belief, the size of the ask did not go down in consonance with those alleged buys. Is it just possible that these trades were not buys to begin with?
IMO what we have here are the lenders converting debt owed them into shares and immediately selling them for a nice 25% profit if one assumes their basis is .00016.
But wait, that's not correct ... it can only be the evil shorts and nasty MMs.
Good grief! Why should we expect tomorrow to be any different?
_________________________________________________________________
There exists in society a very special class of persons that are always referred to as the Believers. These are folks who have chosen to accept a certain religion, philosophy, theory, idea or notion and cling to that belief regardless of any evidence that might, for anyone else, bring it into doubt. They are the ones who encourage and support the fanatics and the frauds of any given age. No amount of evidence, no matter how strong, will bring them any enlightenment.
Anonymous Quote
There exists in society a special class of persons that are referred to as the Believers. They are the ones who encourage and support both fanatics and frauds of any given age. No amount of evidence, no matter how strong, will bring them enlightenment.
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