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Thursday, May 13, 2010 10:02:57 PM
It doesn't look like anyone is selling this stock so basically it won't trade until there are some sellers.
The bid has been around .0031 and the ask around .0080 for a while now. Buyer and seller have not met on a price.
I think that eventually there will be some sellers that will capitulate and sell for whatever they can get for their shares and move on.
I would bet that there are a bunch of folks that paid a much higher price than what we are seeing now, and we will have to see if they are holding long or were looking for the "quick buck". The ones looking for the quick buck will capitulate soon enough.
I have a bid in just in case that happens because I am looking at this company and products long term. I do not see any reason to meet the .008 price on a stock that is not moving.
Others will simply hold until there is more action in the stock.
I have put this stock into the "don't bother looking at until news" category but check in every now and then. Maybe one day I'll wake up and this stock will be on fire... or maybe not. ;)
Good luck to all.
I am not a licenced financial advisor or securities dealer, all comments above are in my opinion and are not recommendations to buy, sell or hold a security.
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