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Message: Re: who are these guys?
1
Apr 29, 2008 03:35AM
2
CMP
May 01, 2008 08:51AM

Cmp

Thanks for the reply,however I don't think its day trader activity here.When you have almost 2 million shares traded with a high of .13 and a low of .125 there's not enough spread.

I am thinking that there are those that have large blocks of shares that they got cheap and want to dispose of them at this recently elevated price. The good news is that there are enough buyers here now that are willing to pay .13 that can soak up 2 million shares or more a day without causing the sp to plunge. I believe that we are very,very close to a good news release that will result in a significant move upwards.We will see volumes jump to over 10 million a day which will probably keep the share price from rising too much too quickly.The overall direction will however be up,up,up! Rico

2
CMP
May 02, 2008 06:42AM
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