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EYII >>> newssssssssssssss
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[QUOTE]Originally posted by will: [QB] This is just my dumbass opinion, (imdao), EYII might very well behave like FNIX has this past week. Not the same bottom and PPS, but perhaps the same pattern. FNIX has a open S1 for 800M shares filed, 6/26/06. On 7/25/06 FNIX had higher than usually volume with a price decline, hitting .005 for a bottom. Go here: http://quote.barchart.com/quote.asp?sym=fnix&code=BSTK , and you will see the activity since that take down. The signal for this decline and bounce was on 7/18/06, with higher than usual volume with a price decline. The intraday take down to .005 or .0051 was confirmation. You have to see a quick, usually drastic intraday take down with a quick recovery to constitue confirmation, and the reliability of that isn't 100%, they can do it deeper and all over the following day, (especially during the Summer, they have been ruthless with their take downs). If you could have bought FNIX at .0051, which I tried without succes, you could have bailed at .009 on 7/28/06 for a neat 75% profit. What you might see is someone calling for a bounce the day after bottom because they have the beginnings of a reversal pattern staring them in the face. You see the 7/26 take down to .0051 and a close of .0059, that gave them the white candlestick that told 'em it was going to bounce. It opened at .006, and on 7/28 hit .009. Now I suspect it will just bob around here for awhile until it becomes oversold again and there is a day with higher than normal volume and a price decrease starting the above described cycle all over again. imdao, this pattern could happen with EYII. I have no idea, but let's watch, maybe we will learn something together. [/QB][/QUOTE]
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