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Tuesday, January 04, 2011 4:37:51 PM
Again, I like the fact that they report financials, because it offers a couple advantages: it differentiates the company from other penny stock companies by making it more of a "real" company; it gives people an opportunity to evaluate the progress of the company using actual metrics; it can be a catalyst to get the share price moving if revenues suddenly jump up significantly in a single quarter. So in the long term, financials are a good thing. However, in the penny markets where hype and speculation drive the share price up, (in the near term) if things aren't Rosy and Sunny as hell, it's obviously going to have a detrimental affect on the stock, as we have seen. What the CEO has accomplished by reporting financials with this stock has been to essentially weed out a majority of the traders and flippers so only people with "long-term" positions are left. Is this a good thing or a bad thing? Depends on your perspective. If I'm long term, and I'm given the extended opportunity to purchase shares at rock-bottom prices, I am grateful for it and will most certainly take it.
Now, that's not to say interest can't come back into this stock and along with it traders, flippers, momentum, and volume - but the CEO has to want that to happen. At the moment, he doesn't seem overly concerned with it. After all the blog is for the benefit of "shareholders" not "flippers and traders."
Just my opinion.
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