Saturday, December 18, 2010 7:52:11 PM
As far as this stock is concerned, it is following typical .0001 behavior. It is making the 'get rich quick' investors loose money and the '1-2 tick' traders make money. History of multiple .0000's behavior, showed that the CEO interview last week would cause a massive selloff. Couldn't of been more predictable.
For the majority of traders, including myself, these stocks and this one in particular, are great for making money for gas, groceries, monthly bills and Sunday football tabs at the bar. They will very rarely buy you the boat or the BMW, unless you're really f'n good at it. Which means hours of research day in and day out and having the skill to trade without emotion.
This one will not go to a penny and it will not go to a 'no-bid'. It will continue to float around .0002-.0006 regardless of what the company says or does.
As for my positive contribution to this board and where I think it is headed, I think it'll go up a few ticks, perhaps .0005, if it gets upgraded again on the pinkies. I will then sell and buy a nice bottle of scotch to drink with my family. Then buy the stock again when it repeats the cycle.
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