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primarywatcher

02/14/11 10:24 AM

#2790 RE: 1millman #2789

a buck? On no news??? hogwash
what makes you think this won't be a slow bleed squeeze...

In other words, those close to their deadline, will slowly cover their shorts.

IMO $1 is ONLY possible WITH EARTH SHAKING NEWS and on a fully loaded squeeze. You've got to send fear and force ALL the shorts for pressure like that; and "no news" - ain't gonna do it. (Remember, firm resistance @ .8)

If I were playing, I'd watch for volume decrease - signs of heavy sells and slowly bank before the fall (easy to say, difficult to do). I would NOT sell all...but merely bank a portion of my shares and buy back in after the squeeze.

p.s. And check those silly yahoo boards for rumors of BMR's Garza pimping carrots to the circus pump sheep.