posted
If anybody has been watching the L2's, it's AUTO who has been controlling the b/a over the last 3 to 4 sessions. He has been hovering at the top of the bid and ask and keeping the spread very tight.
AUTO is a lot like ARCA- it's an MM that other MMs can buy through. This is done to mask purchases and sells for those who don't want their 'identity' disclosed. IMO it appears as if someone/ some entity is steadily acquiring shares and surpressing the b/a.
Additionally, the last 2 sessions have shown increased strength on the bid. During the high volume days, bid support was somewhat weak, with only 1 MM at the peak bid price. Throughout today's session we saw at least 3 MMs on .0008 throughout the day, often dancing up to .0009.
You have to really like the increasing price movement on relatively low volume/money changing hand. I may have bought too early initially, but every indication is that this is the set up to a VERY interesting week on Monday.
Posts: 949 | From: Little Rock, AR | Registered: Dec 2005
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Float will be locked at 300 M shares in April; will have a comversion of 200 M restriicted shares to free trading in May. So this is the dilution-free period and she will have a chance to run. This is a big dilutor, so take your profit and go when it runs. Next time never get into a stock until you find out dilution is done. Frustrated? dilution made it that way. EXPT started to show uptrend on April 1st, when the dilution stopped. So uptrend means stopping of dilution. Catch the uptrend, not the bottom - in most cases the bottom will get lower most of the time.
Posts: 3228 | From: Michigan | Registered: Aug 2005
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posted
Pinksheets shows short intrest as of March 14th not sure if thats good or bad.
Posts: 795 | From: Brown Deer, WI 53223 | Registered: Feb 2004
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quote:Originally posted by wallymac: I'm just happy if everyone makes money here. Been patient and then sold on the way up. Sold the last of it this AM at .004.
Now I'll wait to see where it levels off. If it takes off NP.
Good Luck To All
Wally
This was a predilution run - they did it to attract more investors for their dilution. Stay away until the R/S. This is the only time it ever gets a big run. Same situation for ADCS and GLCP.
Next onw to run will be WEHI.
Posts: 3228 | From: Michigan | Registered: Aug 2005
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