Wednesday, March 04, 2009 7:40:03 AM
Follow through? Please tell us one thing, just one little thing, that Adam Barnett has ever followed through on? He hasn't followed through with anything. Ever PR has been a lie or BS thus far.
What follow through is there going to be to his latest trio of PRs? Is he going to have another meeting with his imaginary directors? Change the companies name and story since oil & gas is no longer "sexy"?
As to your ideas about price appreciation, yes, if all of your assumptions are true the price will continue to rise as long as whoever has been buying continues to buy. Right now it appears only one or two people are doing all the accumulating and I think we all know that is probably Adam Barnett himself.
For true price appreciation that you can buy/sell/trade this thing there needs to be broader participation and much higher trading volumes. Remember when this thing used to trade 100 million shares a day? Until volume reaches 10+ million a day this is an extremely risky trading proposition. Traders call stocks like this "trade by appointment" because if you did have shares you cannot sell them without tanking the market. It would take you 2 weeks of buying all the volume just to accumulate a 5-10 million share position, which is the minimum size any trader would consider to make it worth his while. No one day trades a sub penny at 20,000 shares a trade. The commissions eat you alive.
What follow through is there going to be to his latest trio of PRs? Is he going to have another meeting with his imaginary directors? Change the companies name and story since oil & gas is no longer "sexy"?
As to your ideas about price appreciation, yes, if all of your assumptions are true the price will continue to rise as long as whoever has been buying continues to buy. Right now it appears only one or two people are doing all the accumulating and I think we all know that is probably Adam Barnett himself.
For true price appreciation that you can buy/sell/trade this thing there needs to be broader participation and much higher trading volumes. Remember when this thing used to trade 100 million shares a day? Until volume reaches 10+ million a day this is an extremely risky trading proposition. Traders call stocks like this "trade by appointment" because if you did have shares you cannot sell them without tanking the market. It would take you 2 weeks of buying all the volume just to accumulate a 5-10 million share position, which is the minimum size any trader would consider to make it worth his while. No one day trades a sub penny at 20,000 shares a trade. The commissions eat you alive.
