Shearson Financial Network (fka SHSNQ)

[opportunistically]

I sold at 0.012 and 0.0125 yesterday - someone else dumped at 0.011. Technically, 0.011 is bad as it's a new low for a close. No one even wanted to paint the tape at the EOD - sad.

I don't know what's going on in the background at SFNN, but Mr Market clearly doesn't believe things are ideal. Either they are driving the price down to accumulate, or there is dilution, and/or there are imminent poor earnings ...

How can we small-guys know? Two ways IMHO:
1) look at the chart
2) interpret the PRs from the company

Well, there are essentially no PRs from this company - so that takes care of that ...

And if earnings are bad or dilution is happening? Well, I have no excuse, the chart warned me long in advance ...

And if the MMs are driving the price down intentionally before a run up? Well, they've been doing that since 0.025, who's to say that rot doesn't stop until 0.005? By that time, I am a bag holder and I NEED a 5-fold price increase JUST TO BREAK EVEN. I won't wait that long, it's bad trading and bad investing IMHO ...

... especially since there are other opportunities out there in Market-land with good charts and frequent PRs (even if their PRs are hype, I can still trade and profit from them) ...

JMHO, good luck with SFNN (I'm not going far )
Opp