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Alias Born | 01/31/2010 |
Thursday, February 25, 2010 3:14:29 PM
The stock was trading for quite awhile around .70-.80. Then we had a big runup. Then a resulting selloff when people took profits.
Happens all the time with pennies. Those who bought at $1.40 on up got hurt. You don't buy at a peak. Those who bought at these levels might do well. Only time will tell.
But another stock I own did the same thing. And the CEO ran around screaming foul. Hey, in pennyland, there's spikes and selloffs.
I see it all the time. The people that scream bloody murder are those who probably bought at a peak.
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