dumped my 103000 shares at .55, 56, .57T/X for the ride and back to tvi
----------Original Message Posted 1/9/2006----------
Hey zeta.
I don't think insiders are stumbling to sell stock. IMO they have blown off a pile of shares last week and are now very short (Friday's trading was 'the Ditch') and you can bet your bottom dollar that Anonymous and Cannacord are already short this thing big time. That is why there is no news... the retail interest is drying up today and when that is done this thing will sink and they will be covering their 56-60 cent shorts at 45 and lower..... JMO of course.
Anyway, I think the gap will get filled later on today and then the stops get triggered.... The will let this fall fast as so they can shake out the sheep and pick up the scraps for the next run.
On a side note for those looking for an interesting play, have a look at Wellpoint Systems. Making sneaky little breakout today. Have to be careful as it is low volume trader. Is at 35 cents and there is only 60k on the ask all the way to 63 cents. News should be out soon on a big Rig Scheduler contract and waiting for an announcement of them being accepted into Microsoft Industry Builder initiative to sell software through Microsoft partners around the world. Pretty low risk play, good upside as IR is looking for $1.25 this year..... 7mil market cap 7.5mil 2005 sales, only 8mil in float. Many billion dollar clients like Conoco, Husky, Shell, BP... Has been under the radar for a very long time and is trading at a major discount to its peers even being in much better financial postition. Almost 3 million in the bank as well... Should move quickly...
lurk