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Wednesday, April 14, 2010 12:59:51 PM
You see, those who have bought and believe it will close aren't selling on these little 30% upticks because they think they are getting .01 for their shares. So, while the trading community understands how to make money off of penny stocks, the "investing" community gets fleeced on penny stocks.
In other words, these brief upticks aren't what the believers are investing for and they aren't selling at this level. They are holding for the belief that at some point in time a leprechaun riding a Unicorn will drop a pot of gold at their feet.
Removing the ups and downs that will obviously take place between now and the end, the result will be no buyout and a mad rush for the emergency exits.
We will see who is right and who is wrong before long.
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