level 2 is very clear about this. the chart also. only SACM is holding the price this low. but it will have to buy back the naked shares it has been selling short.
also, the big news could be released at any moment.
Posted by ozzy33 on :
just bought 15,000.... u better be right lol
Posted by glassman on :
I have been holding this since .056--i think it will ---i am expecting good things on the bond float----------don't shoot(sell) til you see the whites of their eyes--LOL
Posted by Neo on :
Barchart has it as a sell. the chart to me says its in a down trend. news can save it other wise ????
Posted by glassman on :
quote:Originally posted by Neo: Barchart has it as a sell. the chart to me says its in a down trend. news can save it other wise ????
News is that they are trying to float a 12 million dollar bond--- they will buy back 2mill$ worth of stock with this-- RNKE has been beaching about naked shorting for a long time--if you believe this story--which i do--there is a major need for the MM's to buy back shares--- they can make the charts look bad to do this on the cheap- we know---i have 100k shares right now and i may lose bad but i am willing to RISK this on the story that is unfolding-- i am very familiar with the trading activity here and it has been fairly straight looking until two weeks ago- on the runs the MM's pushed it down over and over again to cover themselves and the buyers just got worn out---the MM's got careless in this one --IMO-- if it goes into the .085 or less area again before the news i am waiting for, i will double down at least once, mebbe twice
Posted by scott3283r on :
I HAVE BEEN HOLDING ON ALSO THAT WE MAY SEE A DOUBLE HER SOON, ITS HARD TO BE PATIENT THO....HELP ME FEEL BETTER ABOUT THIS ONE]
Posted by glassman on :
they trickled out some more news today--it responds well to PR? does that help?--i get itchy trigger finger too--i want to move on but--------
Posted by glassman on :
i think more patience is going to be needed here---the MM's have till April 1 to get their house in order