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Post# of 79952
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tradingmama4

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tradingmama4

Re: oneinamillion post# 29109

Tuesday, 04/27/2010 6:00:19 PM

Tuesday, April 27, 2010 6:00:19 PM

Post# of 79952
Does the release of financials really matter? I was in this when the last financials were released and if I remember correctly, they looked pretty darn good but the share price took a nose dive.

I have alot of shares and am holding. But, I keep hearing how the penny stocks only move on news and momentum. I have seen some pinks that aren't worth anything skyrocket while others, like PIHN, are just stagnant. I guess I am not as optimistic as many seem to be here.

In a nutshell, why is everyone so sure that the release of the financials is going to drive the price up?
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