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Sunday, November 15, 2009 2:03:44 PM
From here on in a lot depends of the amount of effort and money put into the hype. 23M shares must trade to equal 1% of OS and probly the float.
The volume on the upticks suggests we may have new bagholders as the market decides rvgd is not worth over 3M market cap. Who knows?
My view of Peter has not changed and wont until he produces and starts to sell a profitable item. Nothing changes the fact that RVGD was created and initiated by Carnes and Collorafi as a way of raising money for Carnes. The actions and papertrail proves he treated shareholders like an ATM machine.
However, none of that matters to most pennyplayers. Just if the pps is more likely to go up than down. The "supercar" debut is a month away and while the pps might advance for a few days, I am betting it will hit previous levels again before the big event UNLESS Peter has a marketing and pr campaign commencing. If you think rvgd is worth a 3M market cap (current level)by all means go ahead and buy rvgd.
I never think its wrong reducing risk where possible in playng the pennies and the easiest way to lose money is to let a profit turn into a loss...
I hope for those in rvgd at higher levels that the pps DOES advance WAY PAST .002...so good luck and good trading to all.
P.
Great minds board: http://www.investorshub.com/boards/board.asp?board_id=5388
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