Re: Any Thoughts
in response to
by
posted on
Nov 08, 2007 09:45AM
It looks like Old Joe's and Goldilox's thoughts concerning manipulation have been proven with today's price activity. A short term moving average line has been broken at .79 as a suspected short seller has been leaning on the share price all morning.
Probably, the same seller (group??) is today using another give-up broker. This is the same market tactic that Jesse Livermore utilized in his dealings years ago just to keep his obscurity intact.
The way it looks today is that pressure will be put on the stock if it rises to the .79 to .80 level. For the balance of the day expect more downward pressure from these folks(group??). Maybe res-investor gets to buy his stock at .72.