Posted by: Stock Lobster Date: Sunday, March 25, 2007 9:47:27 AM In reply to: sublime who wrote msg# 41829 Post # of 295169
L2 Warning Shots: Speaking of being pummeled, thought I'd repost a few classic pics of what danger looks like. The CLYP, SEAB, SSGI, STGI, HDSN, HILL, LAMP, MICA 'Family Tree', as you said..lol. Here they are, caught in the act, on a few recent stocks. When this picture shows up, you could have anywhere between 15 minutes to several hours to exit. This setup generally occurs after a decent run. Remeber, guys, it's always a good idea to take out your main investment, and ride freebies. Bulls make money, pigs get slaughtered.
(fyi, I'm not eliminating these plays from my watch list, these are just recent examples of a particular 'moment in time'. Nearly ALL penny stocks have dilution and waves of company selling. That's a fact. The selling may be over on these stocks, and the plays could well be safe again for running, but these are merely examples of what trouble generally looks like before a correction! There have been a few stocks recently, like HYRF at .0085, which had a similar setup, but rocketed right through to .015 without blinking. However, the odds seem to be about 15-1 against that happening when you see this kind of bid picture fwiw. For confirmation, look and see if one of the same MMs is on the ask. If so, one of those positions is fake, and it's the bid. Remember, hedge funds are almost never in the business of buying pinksheets or penny stocks. But they are very much in the business of selling them):
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