Posted by: bwalk63
In reply to: None
Date:2/28/2008 11:42:56 AM
Post #of 118552
here is what I think will happen in the short term, this will continue to drift down, go to .0008 or maybe even lower, at that time the sold called investors will average down, because they are trapped and feel they have to, along with that day traders like myself will buy in big and sell for a quick double, making big profits, the guys who averaged down will say to themselves, "self... I am going to take the 1st chance I get to minimize my losses and sell on the spike so I can get out of this thing with at least my shirt" but as the price goes up and the volume seems to pick up with buying(which is really the day traders selling), they will rethink what they originally planned and decide that THIS is the real deal and they will buy more, causing it to go up a little more, then after the "investors" quit selling, the volume dries up and the price starts it's move back down to triple zero's, then the company does an r/s and the "investors" left out in the cold, with thoughts of "why didnt I sell this like everyone else when it went to .03, and that one guy said the "hanging man" was a signal that the run was over, "I will learn from it and never think of one of these stock as an investment again" But of course they will do the exact same thing again, they are the only reason that sub pennies can continue on year after year.
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AI
