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I have been filled at the bid yesterday...That tell me how low is the float. MMs need to wait for sellers... Any big volume on this one and we could fly...Hope some group player see what I see in this one...even without a substantial news...we can jump on or around .51 at least!
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Down on low volume...!Half of the float have been trade yesterday. Just a normal situation here. Profit taker and impatient trader. Look at the trend not at the day to day trade.
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freeing up some cash to get some more here...a CEO doesn't cancel shares unless he believes his remaining shares will more than make up for the loss imo...looking for PR's to start soon.
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Great entry point at this level...If CEO cancel shares...he don't need money for future development or he can borrow some on company asset...This was a great news yesterday and I don't understand why people not jumping at it while still undervalued...One of the stock market stange behave...!
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WELLLLLLLLL There is only one thing that you can do when your down on 30% on a stock like this... And thats average down! Bring on the run!
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I got a feelin that something is going to happen here soon. I will admit that I am a bit confused about the share structure though (see below). With that being said, now we see large trades going off after the close. I think that the company is selling shares for some reason which is why I thing we'll see something develop here soon (just a guess). If that share structure stays the same, once the seller is done, this could pop very nicely. JMO
FROM THE 10Q As of March 31, 2006, there were 14,158,750 shares of the registrant's Common Stock, par value $.001 per share, outstanding.
THEN THIS: CEO Christopher M. Dubeau stated in part, "I have canceled these 5,000,000 personal shares to reduce the amount of issued and outstanding for the shareholders."
NOW THIS: FROM THEIR WEBSITE: Company Stock Information Shares Outstanding: 15,563,750 Active Float: 4,805,000 (approximate)
Obviously shares were issued and probably has to do with that 1-E filing on 5-2. This is most likely related to the blocks we saw after hours yesterday and today. Maybe a merger coming? We'll see
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with a float around 5 millions of shares, any major news coming from this company should bring pps around .51 cents in fews days. News will come, maybe no later than... this week. Big buy occur at the EOD last friday. Rumor about merger...( not yet confirmed)that would explain why M. Dubeau, has canceled 5,000,000 personal shares of common stock reducing the amount of issued and outstanding to 15,563,750. Anyway, we have to wait for more news. Jakeo is right, ABDE is in consolidating phase and chart show a slowly reversal uptrend on oversold and bollinger band is ready to rebounce.
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ABDE MMs will raise the pps to unload their inventory -- they have the power to do so because they hold the majority of the shares now. This is a gamble and the MMs are always the winners. To win the game, you must play on their side.
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I am monitoring all indicator MACD, Bollinger Bands Oscillator, comodity channel Index...they all point north... I do agree support at or around .04.
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Longer we stay in sideway higher will be the uptrend...! Thats a T/A fact...Hold on to your hat and watch this one closely if you are not already in...!