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Monday, September 24, 2012 1:53:42 AM
First -The volume has been relatively low and the PPS keeps increasing substantially. I think the major shorters were burned over the last couple of weeks, and THEY are staying at an arm's length away.
Second - This price level most likely reflects a cautionary valuation of SRGE until the filings are posted with an up listing. Once verifications come from the SEC reporting, the full valuation will occur to at least $.20 as suggested by Mather's, and more if the filings support what has been PRed.
Third - I don't see anyone looking to fill the gap back in the 30s. It's been more than a few days now and the predictability of news occurring in short spontaneous bursts will prevent shorters from having the time necessary to cycle through their schemes.
IMO
Best to all.
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