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Message: RE: Back at 0.14...bankerson - DaBoss

RE: Back at 0.14...bankerson - DaBoss

posted on Aug 08, 2006 09:18AM
I fail to see any real strength today. Yup, somebody bought a bunch, but I`d bet that at this point the sell volume outweighs the buys (based on looking at delayed level 2). And yup, the Ask went to .145 for awhile. Not one taker....

If there were something happenning, the volume would be much greater, and much more to the buy side.

The trading trend lately has been kinda weird. Someone buys, the bid and ask move up, then a lot of sales (one would think) at the raised bid till it drops, or until the MMs get tired of filling.

For the life of me, I honestly don`t understand why we`re holding up so well. Are we THAT much better off than a year ago when we had a known (flakey) customer? Yes we have prospective customers (when haven`t we?), but they may be hesitating due to the litigation (no matter how unfounded). And yes, we do have IP possibilities, but we always had that too (though now there is some supposed action). And does anyone really think the upcoming financials will present a surprise?

It may be possible (probably?) that my view is a little tainted by a desire to buy - but not at this PPS. But before you declare me a basher with devious intent, note that I`m being very up-front with my observations. And, BTW, this post is less a bash than some others today that are clearly, IMO, unfounded hype (i.e., ~$50k worth of trades on 400k shares, mostly sells, and ``something good is about to happen`` - give me a break - or should I say ``cut me some`` LOL).

And I obviously KNOW nuttin` (but neither does anyone else - so nanner, nanner, nanner! LOL).

SGE

PS to Richardo: Nothing wrong with the name Richard, just some combos don`t work well (as would have been the case for me). I`m still waiting for the day where it would have worked better for me - ``Rich`` - I like the sound of that!

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