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From: | "Allan Potts" <ajp7079@excite.com> |
Date: | Wed, 7 Apr 2004 21:55:56 -0400 (EDT) |
Cris, I'm not sure I'm the expert you need to talk to, but I can put in my 2 cents worth. Well come to think of it since I'll be putting it in with US dollars I guess it's only worth 1 cent now. If you are sure it's the short sellers trying to knock the price down, I would think they would love to break support and see a good washout to the next support level which with my cocktail TA prowess looks to be at .06. I think most short sellers don't give a hoot about the company, shareholdrs, or what people think of them. They just want to sell high and buy low. If you are correct and the shorts break support, I think you will see them sell almost all the way down to the next support level and then cover as much as they can in as short a period of time as possible. This would result in a V bottom which may bring in some new money not only letting them get out, but they might reverse for a short period and sell the longs they pick up after covering the shorts for a bonus on the partial recovery. I would think at that point they will look for another victim to continue their ways. Short sellers, as others, can be honest or devious. This is not a friendly game we play eh. Allan _______________________________________________ Join Excite! - http://www.excite.com The most personalized portal on the Web! ---------------------------------------------------------------------------- To remove yourself from this list, please use the form at http://www.sharechat.co.nz/chat/forum/
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