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Hey boys dont think that all of us longs are out.. Im still in! Just because a stock is going through a semi slow phase doesn't mean its not a good company.
-------------------- Dead Kennedys-"Give me convenience or give me death"
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Well MSEP has now hit its 22nd straight appearance on the SHO list. Every day sice Feb 24 MSEP has stood tall and proud while the MMs have driven down its pps with naked short selling. If a broker had done this the regs say his ability to deal in the stock would already be suspended and his position closed. But MMs are exempted from the rule which requires that they pre-borrow the stock they sell short when they are performing bonafide market making activities. So it seems that to remain on the SHO list for 20 plus days the MMs must be the reason. Therefore, can somebody explain to me what bonafide market making activity is served by continuing to flood the market with shares of stock? Would the market dry up without the MMs selling? Would the stock run unresaonably high? Would liquidity in the market cease? Would fire shoot from the earth and consume us all? Oh nevermind, the answer is way to obvious afterall. The MMs just want to protect us from ourselves and confiscate our burdensome and tiresome holdings in MSEP. Not me, I hope to hold on and outlast them. GLTA
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Hit off resistance at .022 and its moving. Lot of buying coming in. Good play right now. MM's trying real hard to hold it back but cant right now. Check it out. Buys breaking through the shorts
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Holding till race season ends. Who knows what driver's will come aboard. We probably will have wait until we break into Nascar to see some really nice gains. MM's can not hold it forever.
posted
We'll continue to go down until we're off the sho. We're on it today again. Oh well, one day we'll go up. Holding strong waiting to come off the sho.
posted
today is your pivitol day. your rsi has turned upward from being over sold. and you macd looks like its about to turn...
On the first of march your rsi was over bought and your macd showed this down turn...
so look for a climb... what will happen is that msep will find its new resistance point... in Feb msep found a home in the .02's and now it looks to be heading to the .04's it will probably hover in that range with a few dips until big news..
so congratulations for sticking it out Joe... say a word for me and cnes.. (I am dieing in that one)
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i wish my cnes was turning like msep.. but there are some good rumors out there. I think msep will also probably be cyclical around the racing year... and boy wait till they get in with nascar.
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MSEP is looking real good here. Volume has picked up real nicely and we broke out of the downtrend. So a reversal is in store now and it can be confirmed as long as we stay above 3. Then we could have breakout. Large acquisitions today. This kept the mm's. People have a lot of faith in this company.
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This kept the mm's out that is
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Well, all the indicators are turned in your direction.. you got a bullish candle pattern, three dark decliners followed by a white candle stick.
you got an undersold rsi turning upward..
now your dark macd is ahead of the blue line, so all that needs to happen is a turn and cross over and its coming...
you can tell its coming by the histogram...see how the histogram has started upward... there is your key....
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but, your not running though... your just headed for the support level.. I am guessing .04 probably .035-.04 until you get some news...
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actually nascar season is now. just starting... so I think if you hit your support level and get some nascar news you might even go to a quarter.
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