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Friday, June 15, 2007 4:03:37 PM
In theory it could go very low, but in the end the shares have to be covered - the shorters are just hoping they will discourage "regular" investors so that they can buy their shares at low prices when they bail. However, things could go quiet once there are no more sellers and then I expect that there will be new interest by legitimate buyers as the Company makes progress and as it looks like there will be positive cash flow, earnings and possibly even dividends. Also, if they move out of the pinks, there will be additional interest. This stock is not too widely held....as the shareholders that stick with it stand firm, the price will start to rise. I think based on what the Company has planned, things will be okay...it will just take awhile to get through "the valley" - an artificially created one. So in my mind, I think I may have to sit on it for about 4-6 months. If it gives me a double, triple or better after waiting it out, I can live with that. Holding LONG!
Lion
I am on the cheapie plan, so can't PM. Please use email: lion@ldj.net
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