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Post by ToddCT on Mar 3, 2005 15:48:37 GMT -5
There has been huge huge huge buying at .0001 today. You can't buy at .0001 anymore. News coming?  ?? T |
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Post by stevpot99 on Mar 3, 2005 19:44:08 GMT -5
volume of 2.3 B I haven't seen that high of a number for a while
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Post by Warren on Mar 4, 2005 1:44:11 GMT -5
They are covering their shorts. Shorts do not like name, symbol and cusip changes. They may carry some forward , do not know but every time you see these things change you see a small spike. I think we could end up seeing .0003- .0005 then a slow slide back down after the name and symbol change.
It doesn't happen every time, but most of the time it does on these changes.
Just my opinion from past observations.
In any event I like it.
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Post by ToddCT on Mar 4, 2005 7:57:12 GMT -5
I have never noticed that happening, usually a name change also means a R/S.
I know that they are not doing one, but the MM's dont care about a name change it doesnt change anything for them.
They might be covering knowing that the Financials are coming soon,
Or (my hope) that the company is buying some shares back in expectations of the financials coming out and they know they cant get them at this price anymore........
If PRRM bought back 1b shares at .0001 it would only cost them $100K while it would be many many times higher than that when it moves.
T
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Post by bradfrogger on Mar 4, 2005 23:35:38 GMT -5
I picked up another mil at 0.0001 today.  |
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