Followers | 6 |
Posts | 263 |
Boards Moderated | 0 |
Alias Born | 08/24/2010 |
Tuesday, August 31, 2010 2:09:06 PM
The game continues, those trying to mulipulate the stock will continue to trade the stock down by selling small blocks of shares to lower SP. You will see this on low volume days. Then...Stay focussed, these shorts will attempt to find some newbies that are not comfortable with pinkies or thought this was a short term play into selling larger blocks for fear of missed expectations. Picking up shares on the cheap.
The reality is that 100,000 shares traded at .03 is $3,000, thus a .005 drop in SP nets them a huge $500 profit. The longs should not feed this strategy, even if your 1 million shares reflect a $5,000 paper loss on the same .005 decline. If you play the bumps you are working against the collective.
If the 6 times multiple is correct, we should be a .06 stock. At a 2.8 multiple we should be at .03. Anything below that level is the result of the weak, the poor, or the tired, prematurely loosing faith based on board posts, because we all know there is no information out there that has changed anything from known to unknown.
If you believe in the mountain, then stay. Even if we have to wait three more months or longer, I can't imagine you have a better place to put your investment play money right now.
If your in, your in.
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