InvestorsHub Logo
Followers 71
Posts 17460
Boards Moderated 0
Alias Born 08/29/2008

Re: jimstock post# 27129

Friday, 10/22/2010 1:48:32 PM

Friday, October 22, 2010 1:48:32 PM

Post# of 41474
again jim, I'm not slamming you at all. I'm just pointing out that it is generally understood by those in the industry that technicals simply don't apply to sub-penny stocks that dilute billions of shares regularly while suggesting a buyback is in place.

Only you can decide when and with what company you can even rely on TA. The paid pumpers will rely on you to make the decision to believe such nonsense as "oversold".

Do you even know how many shares have been added since July, or how many are needed to satisfy that "funding" they are now seeking? Without that info, an oversold TA rating cannot even be relied upon. It seems as if almost EVERY share traded is a dilutive share issued by the company. Go back 9 or 10 months from the July '10 update on share structure to get a feel for this trend.

Join the InvestorsHub Community

Register for free to join our community of investors and share your ideas. You will also get access to streaming quotes, interactive charts, trades, portfolio, live options flow and more tools.