Saturday, May 31, 2008 7:03:00 PM
You want to talk about charts? The charts say look out below. It is only responsible not to lure in gullible newbies thinking they know how to trade this stuff. MGB is right. The wide spreads are obvious now and when a spread is that wide, the game is almost over. When the stock is selling off on the Ask at below a cent there is nothing much that would keep it above half a cent for long if the selling ramps up.
Don't ever forget that these guys dumped 10B new shares into the market and sold them off at whatever price the stock was trading at. They didn't care if they sold a billion shares for hundredths of a cent. To them cash is king and dilution = cash. They have no business revenues. If they want income they will sell more shares.
FEATURED ELEMENT79 ANNOUNCES UPLISTING TO OTCQB VENTURE MARKET • Aug 26, 2024 10:03 AM
North Bay Resources Announces Gold Assays up to 2.2 Ounces per Ton, Fran Gold Project, British Columbia • NBRI • Aug 26, 2024 10:00 AM
PickleJar Unveils Latest Venue Managed Services Innovations in Upcoming Webinar • PKLE • Aug 23, 2024 1:11 PM
Element79 Gold Corp Provides Update on Nevada Portfolio • ELMGF • Aug 23, 2024 8:00 AM
Maybacks Adds Award Winning Show to Its Lineup Discusses Maybacks Opportunity • AHRO • Aug 22, 2024 11:30 AM
North Bay Resources Announces First Gold Concentrate at Mt. Vernon Gold Mine, Assays 12 oz/ton Gold, 17.5 oz/ton Platinum, and 8 oz./ton Silver, Sierra County, California • NBRI • Aug 22, 2024 10:28 AM