InvestorsHub Logo
Followers 35
Posts 1497
Boards Moderated 0
Alias Born 05/26/2010

Re: proof1 post# 8745

Wednesday, 06/30/2010 10:27:35 AM

Wednesday, June 30, 2010 10:27:35 AM

Post# of 23476
You need to adjust for the 1:500 reverse split we had on March 11th, so actually the 52 week high was 0.5400, 13 week high was 0.4300 and the 52 week low was 0.0007. It's anyone's guess why stocks do what they do, you would have to check news, financials, etc. to try and determine if there was a cause. Could be something in the market as a whole and nothing related to the stock, or could be some institutional investors decided to dump their shares and move on. It would be guess work at best without serious dd.

We simply attempt to be fearful when others are greedy, and to be greedy only when others are fearful - Warren Buffett