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Biotech / Medical : Labwire Inc. -- Ignore unavailable to you. Want to Upgrade?


To: im a survivor who wrote (1215)8/16/2008 7:00:33 PM
From: creede  Respond to of 1698
 
Keith,

Sid might have one to make his argument, but really I'm not enough of a chartist to make it worth it. I was just saying that I would describe the chart as "accumulation" before I would describe it as "dilution".

Imo what we have here is just a product of the unsolicited/1-sided nature of LBWR in conjunction with the Bid falling instead of rising. This has led to a pretty large low volume pullback from highs that were really (imvho) overbought due to aggressive accumulation.

I think it still says something good about Labwire that all the shares sold have found homes, and have not resulted in LBWR truly becoming a "1-sided stock" where there is an Ask, but no Bid. I can show you several unsolicited stocks where this is exactly the case - look at DGSU, for example.

There is a solution, and it should be close since we now have 2007 AF's. Soon as LBWR selects their market maker, and gives them the Form 211 (assuming they have not already done so), the process will begin to remove the unsolicited status, and therefore have a market maker making a real market. This can not come soon enough for me, so that the awful spreads will become a thing of the past. It will also be another step on the road of transparency, and legitimacy, imo.

GB-ND
c