Wednesday, December 01, 2010 11:12:02 AM
Happens all the time with these pinkies all over these boards, people marry a stock and no matter what BS the company does, the "hope" and inability to accept the loss takes over psychologicaly and these garbage companies and promoters take advantage of that. That is how the game is played.
There are literally thousands of pinky stocks in this price range that just keep diluting and failing to make "profit" (including .0001 pps where everyone is screaming "manipulation", "cheapies", "upside potential", and statements like "how can the company continue to sell at these prices, doesn't make sense").
Along with the fact there are just too many stocks out there that trade better to choose from. But maybe there might be a trade, but short term trading will make even more bag-holders for in order for a short term trader to make money there has to be a loss from someone.
This is nothing but what has happened historically with this stock. Just look at any chart, notice the spikes, and think of all the "new" buyers that are now at a loss by believing that the pps was low and the "upside potential" was great. In a shell game that this company is playing, shares are never "cheap" nor is any longer term upside good odds. One might take a hard look at that.
ZenaTech, Inc. (NASDAQ: ZENA) Launchs IQ Nano Drone for Commercial Indoor Use • HALO • Oct 10, 2024 8:09 AM
CBD Life Sciences Inc. (CBDL) Targets Alibaba as the Next Retail Giant for Wholesale Expansion of Top-Selling CBD Products • CBDL • Oct 10, 2024 8:00 AM
Foremost Lithium Announces Option Agreement with Denison on 10 Uranium Projects Spanning over 330,000 Acres in the Athabasca Basin, Saskatchewan • FAT • Oct 10, 2024 5:51 AM
Element79 Gold Corp. Reports Significant Progress in Community Relations and Development Efforts in Chachas, Peru • ELEM • Oct 9, 2024 10:30 AM
Unitronix Corp Launches Share Buyback Initiative • UTRX • Oct 9, 2024 9:10 AM
BASANITE INDUSTRIES, LLC RECEIVES U.S. PATENT FOR ITS BASAFLEX™ BASALT FIBER COMPOSITE REBAR AND METHOD OF MANUFACTURING • BASA • Oct 9, 2024 7:30 AM