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Spokes

08/11/04 1:06 PM

#75187 RE: kennedy #75181

Kennedy,
I would love to hear discussion on why the volume can't be retail. My logic may be off here, but couldn't it easily be retail? Everyday, I see tons of posts on all the boards saying that someone just bought 10M or 20M at .0004, or that they have orders in for several Mil at .0003, etc.

Now, we would only need 100 buyers at 10M shares for the volume to be 1 Billion. Or 500 buyers at 10M shares for the volume to be 5 billion, which is what it was yesterday, give or take a billion. That doesn't seem like much buying and it certainly seems within the realm of retail. If you believe in the double/triple printing theories, then that number is DEFINITELY attainable by retail buying. Just take a look at all of the posts about how many shares are bought by retail investors!

Who's selling? That's the thing I can't understand. And, I hope it isn't Urbie.
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Kimberlite

08/11/04 1:11 PM

#75193 RE: kennedy #75181

I haven't heard a fully rational explanation yet and it's the biggest mystery to me. I keep watching, hoping I'll "get it" but I just don't. I honestly do hope the SEC is watching the heck out of this stock and the daily volumes and trades.
Maybe J writing her letters will eventually help us in the end. I like the idea that R.Glenn has worked with them before and knows how they think. To me, that's another clue that he's working to make sure the mm's don't run this company into the ground or provide the ground for a hostile take-over. Glenn sees the value in this company and this land or he wouldn't be devoting his personal time to it. JMO!