I personally could care less where the stock price is, its a normal trading stock for its industry which is fine with me. It will rise and appreciate with hard evidence via 10K's 10Q's etc IMHO.
Been trading stock online since 1998 and TD Waterhouse was my broker and for OTC land this is one of the most rational trading stocks I have come across.
Was worried when I saw it on the short email (I subscribe to them so I can get my dead cats in my sights before they are dead so to speak) list but it held as it should have, my group only got 90K shares. These types of companies have a different class of investor, not the hand ringing types that need new every other week and a tick every second.
The spread is what one would expect for a stock that has the action this one does. MM's use the wide spread to make better money trading it. I personally never buy at the ask nor do I sell at the bid with stocks with these types of spreads.
To be entirely truthful myself and the group (family and friends) I have that are in this were hoping for a slow decline to the .10 levels a month ago but, that didn't happen. So we will just have to add to our positions accordingly on any signs of even the slightest weakness as with Friday when the shorts came after it.
If the 10K is as expected I personally think the stock is going to move to the .14-.15 trading range and after that with the 10Q if as expected it will be on to the .20 to .25 range, the big test IMO will be the second quarter 10Q that for myself will tell the tale how the new subsidiary is working out and will hopefully give guidance to it going forward.
I look at this long term I play dead cat bounces all week and invest quarterly in 6 or 7 other companies on a regular basis playing the rises and falls taking profits as I go. I almost never post on those boards and for the most part no one else does either really, different companies they do not have those types of investors.
This is a different animal, its rising nice and steady no need for me to play it, I only pay such extreme attention to it because my friends and family discuss it quite a bit. Personally I must admit most of my group feels .75 by years end I am really the only one that thinks it could hit a dollar, its all depends on that new subsidiary and the others growing as they have in the past.
Well that's enough of my useless and more than likely unwanted opinion, but, figured I would share. Peace out.
