I-was-warned When I first got into this+posted convo-with-CEO that while it's a good company doing many things on a big, successful scale with a decent (as in competent and as human beings) management, he got frustrated and quit because the fellow traders kept selling en masse when it reached .0009-.001, keeping it in a small range killing every chance to move higher, like hamsters caught in a small cage.
-- it should have support min. .0025-.003-.005 and I fully agree.
I see he was right, don't remember his name, you're only as good as your fellow traders on a low float and that can be good or very bad.
Let's let this rise and tame the scared chicken inside some of us --
HERE'S MY ADVICE TO THEM: "THIS IS A TERRIBLE COMPANY, IF NEWS COMES IT WILL BE 'BAD,' AND I ADVISE YOU TO SELL, YOU'RE WELCOME."
I'm in low enough that if it topped there I'd still make a tidy profit but looking @other co's with far greater float (that is EVERY stock virtually), often with dubious business activity amounting to little more than PR's and "Forward looking statements," not Current Reporting, and so on -- this performance has been ridiculous.
It closed today @6 despite all the efforts to drag it down, started @7 and no one really wants to sell that low but all it took was a few thou 6's on the Ask from those trying to buy low and repeat this tiny circle, shooting themselves in the foot -- am I surrounded by hamsters or traders? What will tomorrow tell?
