Replies to post #10281 on Veltex Corporation (VLXC)

[george8]

>>My recollection was 2 million shares in Sept '04 that rose to 7 million for teh KCA purchase in Jan. '05 and now it's 10 million and I believe that 2+ million of those went to Explorer.<<

From 2 million to 10 million, that is 8 million new shares during the two "pump and dump" waves. Do you really believe these 8 million new shares have been dead locked in safe? I do not.

I want to quote two passages from "Reminiscences of a Stock Operator" by Edwin Lefevre for those who are not suspicious enough:

On skill of pump and dump - distribution, from pp. 243: "..When it came to the actual marketing of the line he did what I told you: he sold it on the way down. The trading public is always looking for a rally..."

On lack of VLXC insiders buying - not a bullish condition, from pp. 194: "..As I have said a thousand times, no manipulation can put stocks down and keep them down.... The people who know what a stock is worth will always buy it when it is selling at bargain prices. If the insiders are not able to buy, it will be because general conditions are against their free command of their own resources, and such conditions are not bull conditions..."