posted
Oh, and some people might be wondering if MM's are in this or not, IMO they have to be. Even if a stock is trading in the $.000-whatever's, once volume gets over 500,000,000, belive me they are going to start to play it.
-------------------- All you need in this life is Ignorance and confidence; then success is sure. Mark Twain
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posted
It appears that this company got the PR she has been expecting. Doesn't everyone see a problem with her not breaking .001 with all of this recent volume. I believe once this volume dries up this stock could head right below .0005 only because she is having problems getting past .001
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posted
IMO the MMs want this one to go higher whether an amazing PR is looming or not. The reason...? they accumulated a huge volume of shares under or perhaps at .0003 and would like to sell them at .0010 or .0015 etc. it's a nice $$ spread for them and whether it moves to .0050 or .0070 or even .01 eventually it's going to be a nice ride for them and hopefully shareholders as well. It will be interesting to see if tomorrow is another billion or more day--I agree with a poster on RB that 2 billion day is certainly not out of question. It almost got there last Friday and if compelling news comes out--it could be attained fairly easily.
As for volume 'drying up' I think a retracement to .0005 and below would actually encourage a feeding frenzy buying with those who are wary of .0005 + levels. Moreover reduces MMs spread assuming they're loaded below .0004 I bought CNES after wading through some technical analysis books and believing several months ago that I was buying in at near-bottom of 'cup and handle--' formation. No one who reads this should deduct that I'm predicting .0020 - .01 anytime soon but that it could be in interest of MMs to let the above happen.
posted
YD, Thanks for the post. I think you pretty much answered my ? from page 3. I was thinking the MMs are starting to play this like they were with USXP last week. I mean the volume is there, MACD is flat, RSI is holding, etc. I compared CNES to USXP (right before it went balistic) and the two charts seem to be virtually identical, right down to the MM manipulation. But correct me if I am wrong.
I really hope this thing heads north in a serious way. I would like to make back what I lost in FORG... And then some ;-)
-------------------- Pax, Stephen
Roses are red: violets are blue: I'm schizophrenic, and so am I... ;-)
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posted
I'm holding, but for those of you who just bought, be careful. At lot of people bought in around .002 or higher and if it gets close to that I think tons of selling will take place.
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