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Message: Re: Some Key Trades

Sep 11, 2008 07:00AM
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Sep 11, 2008 07:40AM

Sep 11, 2008 08:08AM

Sep 11, 2008 08:08AM

Re: Some Key Trades

posted on Sep 11, 2008 01:54PM

National was the perp that drove it down for the cross. This is 100% Goodman. They shaved 10 cents in the matter of seconds to make it happen.

Slug, can you put in simple terms what we saw today?

1. If I am reading it correctly, you are suggesting that Goodman drove the price down to $1.00 on purpose -- that set the stage for him (and cronies) to buy up boatloads at that level?

2. Perhaps covering short positions?

3. How could they know that there would be so many shares available at that price?

4. Were they assuming that there would be stop-loss orders in?

5. Where do you think it goes from here?

My opinion is that our price levels today are absurd! Certainly not a reflection of the value of the stock. But, we as small reatil buyers cannot control what the big boys do. The run up to $2.25 was fueled by big funds buying and the drop off has been fueled by big funds selling, IMO. Eventually this momentum ends and we can return to a more reasonable level for the value fo the company.

I (and others, I'm sure) would appreciate your thoughts.

NL



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Sep 12, 2008 05:24AM
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