Tuesday, January 20, 2015 4:33:21 PM
I doubt that there is any significant short interest in this stock - just a wealth of sellers and a dearth of buyers. Given the company's revenue, future prospects, and apparent profitability last qtr, why do you think anyone would short this particular stock - unless he/she KNEW that the revenue and profits were bogus, and the company's future prospects were illusory? Note that I'm not saying PXYN's revenue / profits / prospects ARE bogus / illusory. I'm just saying that, unless someone had inside - and very negative - knowledge about it, just about every other stock that trades on the OTC would be a better candidate for shorting.
I can say from personal experience that every time a large number of shares appears at a particular asking price, large buy orders at that price get filled. So posters who believe that they are "feints" designed to "keep the price down" are either: a) sincere in their belief but wrong; b) simply lying; or c) simply fools.
The share price has been so low for so long that "accumulators" looking to "pick up cheapies" could have picked up more shares than actually trade long ago.
The share price has been so low for so long that more shares that actually WERE in weak hands six months ago would have been "shaken" from those weak hands long ago.
There were posts six months ago (when PXYN was trading in the .05's, if memory serves) listing a dozen catalysts for price appreciation (release of audited Q1 financials, release of audited Q2 financials, release of auditied Q3 financials, product expansion, profitability, news of expansion into other states, etc.) Most of these supposed catalysts have come and gone, and today's closing bid was $0.039.
None of which means that PXYN won't be a winner eventually, or even a HUGE winner.
I guess it all comes down to my opening sentence: If and when this thing takes off, crow all you want.
You know how a boxer or MMA fighter will take a tremendous blow that clearly hurt a great deal, then try to act like it didn't hurt? Perhaps he'll smile (through a pained grimace), or make a "bring it" or "that all you got?" gesture to his opponent (while clearly barely able to stand). It doesn't fool anyone watching the fight.
And that's exactly how all of the following posts come across:
"Thanks for the cheapies!"
"Hope the price stays at these levels untill xxxday, when I'll have more cash available".
"Market maker games".
"Someone's trying to keep the price down."
"Got PXYN? You know I do!"
"Come on, fill my .04's!". (Yeah, you believe the stock is heading to "dollarland", you have cash available, but you're unwilling to pay $0.041 for shares).
Whatever....
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