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trade2much

08/28/08 8:27 AM

#4467 RE: fletenpenny #4466

Fletenpenny "the big ? is why"

Imo there is always a bounce sooner or later, *for the naked shorts to cover with*, to think it is insider info. is very optimistic imo, since the SEC is likely looking at this one by now after 2 years of promises and a naked shorting, along with possible 3rd party shorting.

This type bounce has happened mannnnnnny times in the past, but the real key imo is if it can hold for 5 sessions. That has been a real problem for a long time. Many times you get a one day, even a two day bounce with covering and then no follow through, so today will be interesting and the next ensuing 4 sessions imo.

Perhaps the new strategy is NO PRs since at this point most won't believe them anyway, might as well save the $600.

Keep in mind yesterday's volume of 38,000,000+ only amounted to
between $15,000 and 16,000 in trading, not many $$ imo