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Replies to #11624 on One Step Ahead
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LMRI T/A

09/07/04 4:51 PM

#11628 RE: sswh4me #11624

The poster's

giving them way too much credit. They're not 1/10th as smart as people think.


imoeom
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zeninvestor32

09/07/04 4:54 PM

#11633 RE: sswh4me #11624

THE FATAL FLAW

That is a very interesting post but has one fatal flaw. All of these price movements are on EXTREMELY low dollar volume. If you translate the dollar investments in these stocks and then factor out the likely % that is daytrading anyway, you probably end up with maybe $30,000 of actual money shifted into sggm today. That would translate into 100M shares of CMKX. Hardly enough to be worth the effort that that post would assert. It's solid thinking and certainly possible. I just don't think the DOLLAR volume supports it as a theory. Even UCAD with the much higher volume still hasn't generated enough IMO to warrant this as a viable plan by any shorts. All just my opinion of course. The dollar volume on GEMM is even lower to support what I'm saying further ... today's GEMM dollar volume was under $10k total.