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Microcap & Penny Stocks : PLNI - Game Over

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To: rrm_bcnu who wrote (4395)5/20/2006 8:19:40 AM
From: Captain James T. Kirk  Read Replies (1) of 12518
 
Let's talk about the increase in short position you refer too. The shorts are not stupid, they shorted this baby big time above the .010 level, drove it down, and covered in massive amounts, and that drove the price back to .010.
Then, they stayed clear and let PLNI shoot itself in the foot to where the PPS is where it is at today.
Now, you say they are shorting AGAIN at these levels? WHAT!?!?
That would imply that they are taking a MASSIVE risk, with little or no downside or that they feel this is the new TOP in the PPS.
Either way, it does not bode well for the long position. Last check wasn't the short postion only 37 million approx? That is a long way from the 135 million that was locked and loaded above .010. I would not take shorts seriously until we see those numbers again, the current short positions are probably a bet that PLNI is going to zero.

Common sense, imo.
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