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Wednesday, February 09, 2011 4:19:40 PM
Many longs have averaged down and thus pump the company enticing others to join in.
The company has serious concerns and I don't want others to be drawn into a risky investment.
There are considerable Pros and Cons to this stock that newbies should well consider.
It is pretty much a coin toss whether an investment at this time in this stock will be profitable.
Many averaged down Longs appear to simply be protecting or trying to build up their positions by pumping the stock.
I understand that position.
Without frequent and prompt extraction results the stock has no drivers now.
Substantial Operating Expenses with little Income is a significant problem and ongoing Dilution multiplies those woes.
It does continue to Dilute shares and based on posted Financial's has no choice to cover Operating Expenses.
This stock may still drop significantly in a short time if extraction Reports are poor or delayed.
I expect further drops until extractions are published and even then expect only short lived upswings unless the the Extraction Reports are frequent and most of all, improving.
eye
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