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Strategies & Market Trends : The DD Maven
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To: rrufff who wrote (233)3/2/2006 5:20:33 PM
From: creede  Read Replies (1) of 736
 
I know, I know....going to RB can be a bit like slumming, but sometimes a nugget or two can be found.

Anyway, the TA slipped one time and told me the A/S is 20 billion. It's the exact same as the setup for EGCM ( pinksheets.com ). This is the company that used to own New Screen.

I bet that they will just keep selling shares as long as it says out of the cellar. I have been talking to a lot of the day traders that use scanners to find such situations. They are quick to point out that the difference between .0001 and .0002 is 100%. They actually like the dump since it causes the pullback from dilution and a loss of investor confidence. They load up and know that the short term mermory loss and rationalizations of the longs will cause it to run again on the next PR. All this of course explains the huge volume. I suspect a large amount of the volume comes from a few big fish.

GodBless-ND
cris
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