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valleyboi0

04/14/10 5:43 PM

#16558 RE: ironjericoh #16555

A lot of ppl who got in this got in to play the massive outstanding short position ONLY. Myself included as I watched the buying and stalling .. just days ago @ .0008 or so.

The fundies here are none existent. The company is a shell with nothing really going for it other than it could become an R/M candidate. But that takes some filings and we have not seen any of those. .... so I suspect that a lot of ppl bailed at a penny and .009ish.

J Weedseed

04/14/10 5:51 PM

#16560 RE: ironjericoh #16555

One thing I would say is it would probably be a good idea if we ask PSC to NOT pump this any more. Enough of their followers look to start selling after about 1 or two hours after the first day of the pump, that the followers selling make it appear that PSC is dumping and a wholesale selloff follows. So, my idea is to tell psc to please shut up.

blademan

04/14/10 6:24 PM

#16571 RE: ironjericoh #16555

Bottom line for me is, when there is only 177mil shares in one pot (assume shrude is still around and holding, if not, then there is 197mil, very small for a pink) and... people want a stake in that pot, and current stake holders don't want to give up their stake in that pot, then MM's have to convince them to give it up at higher prices, because the shorting continues and they have to cover at higher prices.

Yes, it will take some buying pressure to move this up again, but when it happens, and I believe it will because there are only so many shares to go around, it will rise again. It may not happen this week, next week, or the next. I have nothing but time. But, sooner or later the pot will dry up, and shorts will have to cover again. And to cover, they will have move up. That is what I am banking on here. Unless, something changes. News would be huge, but I don't even think about that. This is just a short game play to me.