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traderforever

01/29/10 2:32 PM

#6994 RE: ryanmnly #6993

33601 shares @ .75 1725 shares @ .77 so far today. Total shares traded today so far 35326. Alot of happy buyers at that price. Cant wait to see this go up up up. See ya at the close.
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tmj

01/29/10 4:48 PM

#6995 RE: ryanmnly #6993

I don't see this as pessism but you have to admit there are many stocks out there that go up 200% based on news like plants reopening..or x company strikes a deal with abc..etc...
and made the stock price rocket for hte week until coming back down and consolidating..i agree we will DEF see the 2 dollar mark once quarterly reports are out or we see signs of revenues..however wouldn't ppls speculation just drive the price up just anticipating and thus a bidding war?
and again i dont think most of us are going to sell below 2 bucks...its like right now the price is holding steady not because we have buyers and sellers its just because prob market makers are just buying and selling amongst themselves (mm do not care about fundamentals..they maek profits off the bid and ask)...but once the market makers see tht there is demand for this stock (lots of buyers coming in) they will start automatically raising the bid and have ppl chase this stock....
can anyone comment on wht i wrote?