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Re: hang ten post# 15546

Tuesday, 06/15/2010 12:57:58 PM

Tuesday, June 15, 2010 12:57:58 PM

Post# of 42997
Hang Ten,

Thanks. I trade mostly by TA and of course do look at fundamentals in general. The chart has been in a terrible downtrend; however, the OBV to me is an indication that people are buying and holding. Apparently there are those that believe that something good will happen and are willing to wait it out. For those that aren't or have lost faith, there are many, many other stocks out there. Personally, if I don't care for a stock, I move on. I don't stay around bad-mouthing it. To me it's a waste of time and effort and I choose to spend my time more positively. I did some reading about the CEO and how many years he's been of the belief that this location with the permit will prove to be lucrative. Having traded penny stocks off and on for a number of years, I'm of the belief that if someone just wants to be in this for a relatively quick trade they should make money from the current price of .021. I do think they'll regain their OTCBB status and with that will come a move up. We'll see...:)

Lexi

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