Saturday, September 02, 2006 11:41:54 PM
To make real money in the pinks, proactive strong decision making is essential. Once the news comes out is when you look possibly to sell some profit, and hold some for longer term gain; not buy. If not, MM's will hang you out to dry.
Buy on rumor, sell on news.
I am reading between the lines with this PR, which to me shows strength in this co. to want to restate financials with more worth. This enables the co. to proceed to OTCBB or AMEX even that much faster. However, traders I believe get too worked up on possible OTCBB or other upgraded AMEX, etc.,listings from pinks. The time frame to get approval is tedious and lengthy, regardless of strength of company involved. Does show a positiveness of the co., but is not the driving force for pps upside nearterm.
With AUGC, I like the asset based companies they are working to purchase and expand upon, which to me, revenue is king. Best of all, a pink to have ongoing activity with potential acquisitions, and quoting revenue estimates of $2.5M with just the potentials is promising.
Plus, IMHO, more important than pending news is the chart technicals, which is strong and getting stronger. So many posters on IHUB actually think they drive the stock price. Wrong. MM's drive the train, we just hop on and off it as it goes by during momentum phase.
With AUGC, momentum is gaining and I think pps will soon reach .0005-6+. If acquisitions finalize, possibly more based on real revenue potential.
Best Regards
Not a buy or sell recommendation.
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