InvestorsHub Logo
Followers 16
Posts 1021
Boards Moderated 0
Alias Born 09/18/2006

Re: catalex post# 10610

Wednesday, 12/20/2006 11:20:31 AM

Wednesday, December 20, 2006 11:20:31 AM

Post# of 49486
They just paid out 50mil + in dividends and many sold them! Many bought shares for the dividend play and sold the divis and the shares they owned to get the divi hence the big drop Monday and yesterday. Others who bought over a penny sold them in panic at the drop in price. I also never said the float is 80 Million. This is a pink penny stock that many have been flipping and trading! I saw one poster on Friday state he had just sold his 8,000,000 share postion prior to receiving the divi. That means he had also bought that many recently (IMHO).
That was one trader!