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Flatsixer

07/26/07 2:13 PM

#14704 RE: alcab11 #14700

alcab...It is not possible to prove who sells stock in a public company short of a subpoena as we all know.

I know from experience that registering shares is not a simple little task just for fun and games. IMO, and certainly believed by experienced traders I know, the ONLY reason to file is to sell.

It is stupid to file a 144 unless you're going to sell because it is a bearish signal to shareholders. That's why the SEC requires the reporting of the 144 filings.

Sometimes, a 144 sale is not followed through because the filer was inexperienced or just plain slow to grasp the situation. By the time they get ready to dump, other 144 filers have beat them to the punch and the sp has already dropped. They then become bagholders along with the commons. The sudden and stunning drop last September in a few days should school those who doubted the implications in my post yesterday. (Be certain to look closely at the price bars on the chart below because it is not to scale.)

$1.20 to .30 in one month!...



JMOs...

Flatsixer