Wednesday, April 14, 2010 9:41:46 AM
Homework assignment : Pick 20 Pink Sheet stocks that trade higher than PIHN , and DD them to compare to PIHN's fundies .
You should discover that a Pink Sheet stock's PPS has very little to do with fundamentals and has much more to do with news releases and momentum . When a hollow shell company's stock can run to the stratosphere while PIHN with strong fundamentals languishes in the triple zeros it becomes easier to see that PIHN's turn for a run will happen with the right news and with strong momentum .
Should PIHN begin to put out material event news releases it is likely the momentum for the stock will kick in . The MM's have already ascertained there is strong volume in PIHN on any given day , so when THEY choose to run PIHN's PPS they know they will be able to easily run the stock .
The MM's don't care about fundamentals for Pink Sheet stocks....they only care about high volume momentum where THEY make the most money .
Renee
To bite the worm of incite is to bite the HOOK of the antagonist . They win .
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