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To: D LEE who wrote (2235)3/6/1998 3:45:00 AM
From: D LEE  Read Replies (1) | Respond to of 6654
 
[[ My "Humble Thoughts" -----------------------Continued ]]
From a post of Feb 18 -when a rogue purchase aroused my suspicions
about what was going to happen:

Message 3460923

[this is the important part of it to me today:]

And some other pennies have been having their jumps lately.
So it could just be from a "market mood"
and he could feel safe if he was after a 50% profit rather quickly.
a jump to the low-mid 2 cent range (.024)looks very possible to me.
News will be coming soon as well and could tease the price
for premature jump.

Day of the jump: Now (Feb 18) till 10 trading days: But the possibility decreasing
with each day that goes by. (cause the "ticking" stopped)
I "only feel" that the price will resettle to (.017 / .018)
between the 3rd and the 11th day



So the jump has now occurred, the 11th business day.
We did reach the above the .024 level and began to settle back
Of course this is sheer guessing on my part, only luck.
When I get down inside myself today, I can only feel
the same as on Feb 18. That the new level of price stability
might remain the same in my crude guessing (.017 / .018).
Then tending to drift down again slowly as before.

[I AM DISTRACTED THOUGH:]
A large portion of the activity (1/3?) came from the 3 large
purchases at discount price levels during the day. Is the
market maker still favoring somebody (like I wondered Feb 18th)?

As I see it, that makes 4 rogue exchanges to imagine excuses for.
The last three suggest to me "no dumping yet" and the need for
further "price up" to justify their purchase and allow for quick
profit. (The MARKET MAKER will be helping them here as well.)
-Will there be false trading on the floor just to continue the
appearance of frenzy so "the rogue" can profit from a volume of
7 or 8 million in genuine higher priced purchases?

I could expect that. Because The News is old, the emotions are
young, and for the fact that momentum trading has become so much
of a game for the little guy; a "shrewd operator" could "sell
a portion" for profit to wind up with a sizable chunk of
company for free, all in less than 30 days. Then he may not care
in the short term where the price goes.

And in my opinion repercussions from Reg S
haven't even started yet.

This still is "just my imagination" any reader might want to mix in
with their feelings of euphoria to avoid getting hurt.

For God's sake enjoy the ride up, but do something,
at least in your mind, to expect some bad moments,
and think of ways to protect your position for the long run
-like "those shrewd operators" do.

Dave



To: D LEE who wrote (2235)3/6/1998 12:21:00 PM
From: Ga Bard  Respond to of 6654
 
Great Post D LEE i appreciate the site.

Happy Trading

GaBard