InvestorsHub Logo
Followers 0
Posts 176
Boards Moderated 0
Alias Born 05/25/2007

Re: None

Friday, 12/17/2010 10:52:14 AM

Friday, December 17, 2010 10:52:14 AM

Post# of 34405
It's probably going to take impactful news to get the stock beyond the mid $.30's. People trying to goose the stock higher with odd-lot sized orders are just nibbling at what's there. My feel is there is probably 200,000+ shares available below $.40 cents. It is going to take someone willing to bid for a block of stock to get this going again. And without news, I cant imagine what reason would exist since there is rarely two-sided order flow in this stock. This stock is either being accumulated and driven higher, being unloaded and driven lower, or sideways and trading by appointment only. Board members' retail buying and newsletter pumps only moved the stock to the top of the trading range. That would leave the announcement of IMPACTFUL news, which would include uplisting to bulletin board or a Disney announcement to do the trick. Aside from those two, it is reasonable to have reservations that other announcements (ie. comic book) would generate enough interest to create a quarter million shares of buying. So we wait.

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.