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Re: None

Friday, 07/11/2014 9:06:40 AM

Friday, July 11, 2014 9:06:40 AM

Post# of 1080
The good news is.

Haven't seen many longs on this board extolling the virtues of this P&D. Just a few who claim to be traders that sold out smartly(congrats). I am like everyone else, confounded to understand what happened here. Seems like this epic run was less promo and moreso a confined momo. A few players painting the tape. Were they still in the beginning stages building up for a promo?

But, this is the first time I have seen big news agencies shine the light on this type of P&D to this degree. Of course, this is the most successful blatant junk P&D I have ever seen. Even bigger than S*PK who made it to a billion market cap on the back of the APS promo. And now has about a 1.9 million market cap, which may still be considered generous.

Nevertheless, just another example why the OTC does what it can to warn(skull and crossbones) and although it is sad for the naive longs who may ultimately become collateral damage after the halt, the SEC has to pull the plug at some point to minimize future carnage on others.

At this point in OTC land, aka penny land, stinky pinkies, aka the Wild Wild West of Wall Street; it's not only caveat emptor for the get rich quick types who may lose all their money, but, for the perps in this mess, the SEC is watching. They can shut it down at any time. FBI?

Just my opinion and best of luck.

Let's keep it civil and understand that this is a forum of mostly amateur opinions. I am not here to give advice or argue. The best way to get rid of trolls is by using the ignore feature. And if you don't like what I say feel free to ignore me. Thanx.

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