SPO Global Inc (SPOM)

[livinginstyle]

Often-times, when a low floater like this runs up, the M&M's must naked short to fill buy demand because there are not enough on the sell side to cover demand. When that happens, M&M's are net short and must cover. Remember, M&M's are allowed to naked short to fill buy demand, but at some point they must cover. Also, the M&M's will take advantage of low priced shares and inventory them after they cover anticipating the next run. So, if they are net short like I think they are, they will do all they can to drop the price and shake all the shares they can. They will try and drive the price to .013 to see if they can shake more than 315,000. After they have covered and have loaded as much as they can, then they will start slowly moving it back up, perhaps starting another run. I know the the above to be fact because I became friends with a retired ex M&M that worked for NITE and he told me some cool stories how the M&M's worked together at times to avoid losing money.

As far as our .0131 low today, that is what is ugly. I say that because the last time the low broke below .014 the stock traded in the double zero's. Whether that means anything or not remains to be seen.

http://ih.advfn.com/p.php?pid=historical&symbol=SPOM