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Re: paunch13 post# 5357

Thursday, 07/11/2013 3:12:32 PM

Thursday, July 11, 2013 3:12:32 PM

Post# of 21959
Well, if you consider that close to 1 billion shares changed hands in a matter of a few days, with the expectation of a PPS higher than .001, there were probably a lot of people that got sucked in with the impression that their investment would run. A percentage of those were sold for a profit. Lots were bought at 4 and sold at 5 or 6. A percentage of those were sold for no gain, and the rest were held by those hoping for another run, or a lottery-ticket-like multi-bagger. A percentage of those are either still holding on, or still trying to sell. If I remember correctly, there was also an instant where a purchase of 65 million shares at .0001 was made, so that should be accounted for. Considering the fact that others also may be loading up 2's in hopes of a run, then re-selling their shares because they don't want their capital tied up, and the stock isn't moving as quickly as they expected it to, this could get fairly skewed. I mean they could run out tomorrow. But I doubt it. I think the only time that the 2's are going to go away is when Maxam announces serious production, or even just an announcement of some small revenues. But if I had to venture a guess, another 100-200 million before the twos grind to a halt, and hopefully people start chipping away at the 3's. Not a great feeling, but that's my guess without any real, solid news. In the case of solid news? Say goodbye to the 2's, and hopefully say hello to the sky, because that's the limit.
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