todays annouce for mcquarrie, quick count approx 1.5 mill shares...

todays annouce for mcquarrie, quick count approx 1.5 mill shares from 34c down to 40c, and 14 may to 16 may.

that still leaves 4.5 mill.

Expect another annouce later this week, to cover 19 may to 20 may, if todays selling is mqcuarrie.

AS they are definitely reducing, and ready to take a massive loss, what is the difference bw taking from 1.50? to 34c, or, 1.50 to 26c.

If they capitulate, I dont theink they can tell the difference, or care. Heading to tax time, want the write off.

Their loss, is our opportunity.

I did grab some more today at 27, and will look at the next major level down, may 15c if they continue to throw it away.

Or if they are done, expect an eerie silence, then a slow rally.

cheers