Wednesday, November 28, 2012 3:19:30 PM
With a 1300 share sell at 11.5 cents for a WHOPPING $149.50 trade?
The only thing I KNOW with IDLM is that I KNOW many who have accumulated a great portion of the float. Many of these people I KNOW started buying IDLM at a variety of prices. They are not going to unload their positions right before the company is going to become SEC registered.
Someone can bring it down with a LOW VOLUME walkdown to 2 cents. Who cares about a LOW VOLUME WALKDOWN.
What I want to see is someone unloading a HUGE BLOCK of shares under 10 cents. Someone please place a huge block of shares under 10 cents on the ASK. What I won't tell you is how low I will let the huge block go under 10 cents before I make the POUNCE. That is my wish as I have the cash to POUNCE.
Low Volume walkdowns can be taken up real fast with volume.
Happy Trading
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