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Tuesday, August 31, 2010 5:09:25 PM
In order for any stock to advance to a fair level it must first establish a solid base to build from. This stock is trying to establish that base against a whole slew of bashers and stock manipulators.
You do not need to be a cheerleader, but useless venting, is normally a sign of a pumper/dumper, or stock manipulator.
If your only reason to stay in this stock is the possibility of a short squeeze, it might be time to rethink your investment strategy. That is not to say we won't have a some SP upword pressure from the MM's covering short positions. But it is going to be brief and and I would be surprised if it is going to be more than $1.
Why, because there are too many longs that will start selling a portion of their shares on the way up to cover their original costs. After they cover, people are going to hold for the real payoff, which is once (and if)we go to production. That could be a year away. Until we balance out the longs desire to reduce the risk and take a little money of the table, with the new investors desire to get on board, the stock is not running anywhere.
Vent if you need, but balance it with something realistic as to the value of the investment.
The phrase "Boy, I wish we could get this JV signed" is appropriate. Or "Man, I wish management could give us more information on the details of the possible JV".
Try a few of those and see if they make you feel better.
If your in, your in.
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