Futuris Company (FTRS): I agree, this stock is driven on oil spi...

Reply Private New

Replies (1) Next 10 Prev Next

Send PM Follow Ignore

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

k_trader

Re: drugtester post# 8839

Thursday, 07/01/2010 11:23:13 AM

Thursday, July 01, 2010 11:23:13 AM

I agree, this stock is driven on oil spill and hurricane speculation, not company news right now, EVXA is not a "pump n dump" stock.

If this was a normal "pump n dump" news would be essential to get it moving. As we know going from .0007 to .0068 with no news watsoever this is NOT the case.

With a "pump n dump" pink shell company they hire "pumpers" that start sending news letters, post on boards and get young newbee investors excited about it. Then some B.S. PR comes out and drives the price up. Then all of those who are "in the know" dump their shares and the rest of the newbee investors are left with a ton of shares that are worthless, also known as "bag holders". We are not seeing that with EVXA it is running on technicals and investor speculation.

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