InvestorsHub Logo
Followers 6
Posts 1175
Boards Moderated 0
Alias Born 11/13/2003

Re: bman post# 7860

Tuesday, 02/06/2007 1:25:48 PM

Tuesday, February 06, 2007 1:25:48 PM

Post# of 20076
What you guys need to remember is that some of this selling is retail. People may have bought today in the .07's and sell now at a loss. Or buy in the .06's and sell when it hits .07's. The S-8 is just one of the factors affecting the price (albeit a fairly large factor). This is what Sonic, myself and others were trying to tell you. It's not worth analyzing. The stock is going to go lower. Probably .02 to .04. When it does, that's when things will reverse - probably back to .06. Then, and only then, will a press release have any real effect on the stock price (assuming they don't issue another S-8 before then).
Join InvestorsHub

Join the InvestorsHub Community

Register for free to join our community of investors and share your ideas. You will also get access to streaming quotes, interactive charts, trades, portfolio, live options flow and more tools.