InvestorsHub Logo
Followers 107
Posts 10872
Boards Moderated 0
Alias Born 06/26/2007

Re: None

Saturday, 04/05/2008 5:56:57 PM

Saturday, April 05, 2008 5:56:57 PM

Post# of 18318
What Im posting is my opinion

I've never seen this happen before so I slept on it and did some research and came to the conclusion that three things could of happened.

1. The stock actually went to .11 cents. How would they start the day Monday otherwise? Open at .015 with a red 1000%?

2. A reverse split. Maybe it was their plan to reverse them at the end of the day and come out with a PR Monday morning explaining it.

3. Some people on here are saying that someone messed up and typed .115. My argument on that is no mattered how hard I tried, there is no way I could of bought this stock for .11.
The only way I could is to put in an order for .11 and wait for it to get there! You can't mess this up...impossible.

I'm going with number 1. Maybe all the buying volume got messed up some and they figured the value was way under. The float is very low. I've watched 5000 shares move... and the price would go up and down dramatically. I definitly could be wrong on this...If someone wants to dispute this post please do. But I'm going to look for a PR and a open around .11 Monday.


Join InvestorsHub

Join the InvestorsHub Community

Register for free to join our community of investors and share your ideas. You will also get access to streaming quotes, interactive charts, trades, portfolio, live options flow and more tools.