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Wednesday, July 16, 2014 7:12:10 PM
How can anyone call this a low float play when week after week, the float and outstanding shares increases.
It is a low float play right now. That may certainly change in the future, but right now it is what it is at this exact moment in time. There is nothing immoral or incorrect about stating this fact.
I get why you won't sell, but why on earth would anyone support and try to rally this stock for other clueless people to buy into this stealing machine and loose their money?
It is not accurate to say that all board posters who are posting anything other than warnings want clueless people to buy this stock. It is also not accurate to imply that only clueless people buy shares as the price increases. There are many different kinds of market participants. Not just individual day traders.
The term "Caveat Emptor" definitely applies to this stock.
Yes, it absolutely applies. But it also applies to any other stock in the history of the stock market ESPECIALLY any other OTC stock. If a trader does not realize this, and makes decisions based on what is being said on a message board then they seriously need to reevaluate whether they belong trading these kind of extremely risky stocks like ELRA. There is one reason and only one reason that people buy stocks like this... it is because they offer the potential for outsized gains. Why do they offer this potential? Because they are incredibly risky. They they can, and often do, go to zero. But you will never find a ticker that can run 10,000% in a week on a major exchange. It's as simple as that. Please do not paint this as some kind of moral dilemma where posters who speculate about prices increasing are somehow responsible for the decisions of other traders. Everyone is responsible for his or her own decisions for better or for worse.
all my posts are my opinion only.
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