scamex : ouch, page-16

Well this is Friday and it wouldn't surprise me to see the shares pushed down to 6 cents or under today. I hope not though.

Whoever is selling has basically scared the buyers away.

Everytime it pops up SSN gets nailed. And while I don't believe in technicals and charts and all that stuff for SSN's situation, those that do will be looking and see that the recent SSN chart looks terrible and base their actions on what they see.

We've had two 'rotten' announcements that have basically pulled the stuffing out of the shares: the initial delay and the partially busted well.

While a LT bull, another subpar or rotten announcement and SSN is going to be a busted stock with sellers all trying to get through the door at the same time.

The SSN ADS's are in real danger as that market has less protection than the ASX. Given the perceptions and the rotten USA market, I can see SSN below $1.00 again in the USA tonight as the SCAMex DMM pulls supports and stops are hit with follow though in OZ on Monday.

It is one thing for a share to fall with rotten fundamentals and in a falling share market. It is another for a good share and really tremendous fundamentals to do the same. Look at SEA and you'll see what I mean. (And I think SSN beats SEA on all counts too!)