Allenergy Inc. (ALRY)

[luckydude777]

Claiming to have no vast insight into why things happen the way they do in pennystock land, yet trying to learn all I can ... I get the feeling that a lot of pennyplayers have backed off playing pennies the last few weeks.

I think when the SEC hit those 35 companies with a trading halt for 10 days ... it has put a bit of paranoia and/or fear into pennyplayer's confidence.

A couple of popular penny plays like SLJB and CYKS being (alleged) scams certaintly didn't add confidence to pennyplayers either. CYKS seemed to be as solid as they come. Then BAMO ... silence and only guessing. The penny market has taken a beating the last several weeks because of all this suspicion IMO.


The question now becomes: "Which company or companies will get hit next by the SEC? Confidence begats confidence, and fear begats fear. It may take longer that what we care to imagine to regain confidence in pennies period.

Going into summer will not help either. Penny CEO's may well have to start being a lot more transparent and lot more cautious then in times past. For those CEO's, insiders, and companies that legit, perhaps they will evolve and get rewarded fairly when this all shakes out, instead of getting punished unfairly by overt shorting. Personally I'm not holding my breath, BUT ... we'll see.

All in my opinion of course.

Lucky