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Thursday, December 13, 2007 3:15:01 PM
Some sort of good news could sure help though to keep some momentum coming into the stock.
My observation is that ALL pennystocks are having a very difficult time maintaining any upward momentum for months now, outside of just a very few, so if a penny company is not able to keep releasing periodic news to excite buyers, the stock becomes more and more attractive as a short, and why NOT? Unless a company has funds to keep operating on, dillution has GOT to kick in, usually sooner than later. Why should MM's pay top dollar for dilution shares when they can pay much less for them?
Supply and demand issues.
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