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Re: Phil34653 post# 11604

Tuesday, 12/21/2010 11:54:19 AM

Tuesday, December 21, 2010 11:54:19 AM

Post# of 263728
The problem is that every shareholders who had shares pre split at 0.0001 need to keep the price above 0.01 to keep afloat after the 100:1 R/S.
It seems that they want to make sure they won't have a too big loss as the pps has been dropping so quickly even after the very interesting news.
Pennies traders are not usually in for a "long run" as want to make quick bucks. I am probably the only fool (with few others!) who think it is good to keep it in the hope....
But someone told me to never "hope" with pennies. It either happens or not.
As I am on "free shares", I see its market value drop quite a bit, but I am ready to hold my position and eventually add when in the dip (probably near triple zeroes)...