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Replies to #316772 on Monk's Den
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chart guy

11/04/10 6:32 PM

#316773 RE: 50 #316772

There is no proof needed, just look at the chart. If no one sold in large proportions, the stock would not be where it is today.

The fact remains is that the FLD concept was, is, and will forever be just a pipe dream. Even Monk himself discredited the FLD's power in his "official response" to the EIGH fiasco. There is as little proof of a FLD actually working as there is proof of major selling by den followers in the plays.
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Dobie Lama

11/04/10 6:36 PM

#316775 RE: 50 #316772

The SEC will provide the proof as they are investigating EIGH and the Monk's Den deal.

EIGH has been suspended from trading and people have lost a lot of money all the while the DEn faithful were advising to keep on buying.

Front loading only pays off if you are part of the insider group that bought early and sold off at the top.

Didn't you get that memo?