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Renavatio

06/01/07 1:51 PM

#38675 RE: momentumtrader #38673

Thanks. And agreed. Fundamentally, we should be somewhere between $.25 to $.50 over the next 12 months based on what we know. With all the NSS shares though, it could run extremely hard if they are forced to cover. And anyone who doesn't think this stock is being naked shorted needs to total the volumes traded over the last 12-18 months, and reference that against the A/S and the claimed number of shares owned by posters just on this board. It is a very eye opening procedure and is what pushed me to actually cert a pinky for the first time ever. Though I must admit I only certed about 75% of my shares (core position) and I swing trade the rest.

Ren

momentumtrader

06/01/07 1:59 PM

#38677 RE: momentumtrader #38673

The shorts are walking it down.
Trying to skake the tree.
6,338,078 at .03
2,553,000 at .029
It is so obvious again that they are shorting at the ask.
Fine with me. Their situation gets more precarious everyday.
The longer they try to hold back the stock, the deeper they dig their grave. I'm estimating that this is going to be the biggest percentage gain from a short squeeze in Wall Street history when this thing finally blows. I expect a lot of traders to run this up into the close. Stocks that close strong on Fridays almost always gap up on Mondays. I think it is because so many people work during the week, and don't have a lot of time to do research. The weekend affords them that time.

anchorcheck

06/01/07 2:24 PM

#38682 RE: momentumtrader #38673

MoTrader; I know that Mike Mulshine says the company believes they have been naked short sold, and I don't doubt it, but what leads you to believe that they are 1 billion shares short this stock?

Maybe it was built up from over a year ago, as I believe naked short sellers try to short companies that they believe will go out of business. They must have believed this to be the case for PBLS.

But, what evidence, or what signs do you see to support this conclusion? You are obviously someone with a lot of experience in penny stocks and pinkies, and I would like to here the logic behind your thoughts.

Regards,

Anchor