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Wednesday, July 11, 2007

SBEI


This is what happens when a low float stock that trades 9000 shares a day suddenly trade 2 million in one day. Unfortunately, this was on merger, not earnings news, so it was about impossible for ordinary Joe's like us to anticipate it, although CMF does show accumulation starting back in June. If you were watching the market carefully today (i wasn't), you could have caught a substantial portion of this move.

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