quote:Originally posted by bksundar: Nano-cap pharma stocks always amaze me. I have made the most steady gains out of them.
Case in point: Last year GLIF from 0.02 to 0.27 Last year XKEM from 0.005 to 0.08 This year PMED from 0.0015 to 0.045 This year PLRS from 0.02 to 0.13 yesterday
PMCL has the best potential and you ain't seen nothing yet !!! GO BABY GO ....
P.S: As with any pinki, the only fear I have is DILUTION... But at least with most of these pharma ones, they give you some time to pull out near the high....
posted
new battle begans tommorrow, looks like it should gap alittle, will the mm's play the same game they did wednesday, the gap and trap (where they let it go up briefly at opening bell to capture new shareholders and drop it quickly to shake some shares loose real fast), or will it push through .06 finally?
alot of momentum in this still, but the mm's have control to some degree when the run goes, more concrete news regarding walmart or some updated news regarding share count from the company and the total short position could set a squeeze where the mm's have to let it go
best estimates indicate around 20-25 million shares naked shorted, if true around a million dollars+ to cover at todays price
all indications appear certain mm's(if you've been watching l2's for the last 3 weeks you know who,pretty obvious) are still shorting this, and probably naked shorting, meaning a squeeze must be forced one way or another, if not the mm's could dilute this out over the next month or two
****that is one of the evil forces mm's use when they naked short stocks, most of the time they don't have to pay up because of several factors, they prey on companies with high share counts(good or bad) or vulnerable businesses(good or bad) and dillute share count by issuing shares into the market place they do not own, thus ultimately effecting share price
***mm's have played this down to pennies,the company must take the next swing, and keep swinging, so these mm's know these korean businessman mean business, are ceo is a doctor, but has others there whom are on this naked short issue
news is expected sometime next week(today would be nice), hopefully news that will set the squeeze trigger in action
***footnote- short selling (shorting) a stock is not illegal, done every day on dang near every stock, but naked short selling (a mm selling shares they do not have) is illegal,but goes on all of the time
***this is estimated to be shorted 1.5-2X the float
IMO
****do your homework***
Posts: 1551 | Registered: Feb 2006
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posted
If I had to guess, I'd say we may not get that Friday sell off, everyone is holding to see if we get some 'rumored' news that's expected next week.
Keep an eye out for some possible dips though.
-------------------- ~You aren't wealthy until you have something money can't buy.~ Posts: 3070 | From: CT | Registered: Apr 2006
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posted
NOPE I WONT CHASE IT! ITS GOT TO COME TO ME OR IM NOT PLAYING!LOL a surfer
Member Rated: posted March 30, 2007 10:19 AM -------------------------------------------------------------------------------- looks like IMAKES orders are filling now....