Friday, December 01, 2006 3:49:24 AM
Oh, but wait, "your hopefully getting back in soon" per your post. I guess after the merciless dilution stops right? Negate a stock play and then try jump in at lower pps. Whatever works for you.
The minor increase in O/S count over the last 2 months is not the catalyst for pps drop. Flippers, naive traders(sheep), weak hands playing into bashing. MM's welcomed and accomodated weak hands. Thus, negative momo created and pps drops accordingly. MM's played the weak hands so well. Level II trades showed the MM's walking down the pps clearly over the last 10 days. Momo good or bad drives pinks; many times regardless of good real potential of a stock. At least short term. However, real revenue/small O/S total will always finally prevail.
Yes, many bs pinks that dilute hundreds of millions/billions of shares and no real revenue are merciless dilutors. So frustrating to see traders who "generalize" any amount of increased share total as bs dilution; and therfore cause of any pps decline shortterm.
How many pinks/OTC stock plays do you know that have real revenue potential of $15-20M+ a year with only 400+-M O/S?
And with the strong connections GBDX has now with JV in place to exploit the russian diamond industry?
Best Regards
Not a buy or sell recommendation.
Large moon out, time for night surfing. Maui no kei oi
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