Tuesday, February 26, 2008 7:24:41 PM
Personally I don't believe bashing works all that well outside of annoying others with questionable opinions (if they had facts, they'd post them and not some hyperbole). A pinkie rises and/or falls on momentum, dilution, reputation, news and such. Look at some of those dogs you always wonder why they are still trading (I could go down a list of them) and they can't crack .000s. Some like this move up on news, momentum and such. They drop because some sellers hit their mandated exit point while others sell half their holdings and ride free shares.
I've learned message boards can get people psyched about these types of stocks but in the end people sell depending on their tolerance for risk or their preferred profit levels.
These folks can bash all they want but in the end they are just folks looking to scare newer traders or put a little doubt in some folk's minds. I recommend all shareholders do their own DD and weigh all angles but don't buy or sell because anybody says so whether it's "to the moon" or "the company is crap".
I dunno...I do my own DD, I laugh at the to the moons as well as the folks obviously trying to place doubt in my brain. I see some stuff in the charts as well as the buy/sell patterns. I also see some stuff that makes me want to wait a few weeks to see what happens.
I agree though, bashing these stocks seems kind of pointless. Call any IR rep and they at best most of these stocks could have upwards of 500-1000 investors holding loads of shares. As I stated earlier, it's what the company does to keep those shareholders informed that will keep this thing steady or not.
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