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Tuesday, May 28, 2013 4:35:12 PM
What does that last sentence mean? Well, I'm honestly a little surprised that the 1 or 2 big buyers from the last three days were finally able to generate some MOMO today. It took about 4 million shares of buying/chasing the ask over 3 days, but it does look like it's finally have an impact. Now, the question is why are other buyers and sellers willing to let this impact them? I think we're at a point where the free float (the non-restricted shares that are also not owned by insiders) is still pretty low and those individuals holding big tracts of shares (like Mr. 1234) are at a point where they expect some major PR over the next week or two for Mahala/SkyNet so they aren't selling. I'm not of the same opinion, but I'm not confident enough to be willing to risk my position at this point given that I've already locked in profits in the past. My advice would be to sit tight for the next week or two and see what develops.
Do you what else happens this week? The company needs to submit it's renewal with Nevada. It hasn't filed it's Q with the SEC, it hasn't renewed its entities with the State of Florida, and I suspect it'll be late on its renewal with Nevada. My guess is you partner all of this cloudy news with a lack of PRs from Mahala (remember, I said I don't expect anything substantial above) and the price should come back down. Just my working theory, I'm not confident enough to commit any of that to a bet though
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