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Thursday, March 05, 2009 11:54:32 AM
Also look at companies with audited financials. I have been in many companies on NYSE and NASDAQ where stocks were trading at 20 to 60$ a share. Their financial were cook. Basically these days you can't trust anyone, not even companies on NYSE. Look at banking sector.
To get a bit out of this stimulus money, JD has to dance around with the local officials. I am sure he will try to dance well with them since he doesn't want to lose the company and friends/families' money neither.
From the way I see it, I do think EXPH should be traded at least .02 to .03 range to start with.
Take a look at some OTC out there with billions of shares and runing big red each quarter ... yet they are traded in .01 to .10 because of the "possibility" of making a big hit in the future (talking about mining companies).
I wish I had more free cash to buy more shares of EXPH.
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