Wednesday, March 16, 2011 2:14:24 PM
The same thing happened to me. I bought yesterday EOD as a quick-reaction daytrade. I was simply buying the strong intraday chart and HOD close. But then overnight, as I read the board, a nightmare unfolded:
-4M afterhours sell at .0404
-VFIN sitting on the ask at .037
-at that point all the pumpers just went dead/silent and bashers showed up
-found out 3/15 news was the exact same news as last year nearly word for word
-no indications of how much funding will actually go to the company.
-not really a "partnership" with ATT/Verizon, just an association
-company has no revs
-assets<liabilities
-2 employees
-a promoter was paid to do a pump, the same way the promoters have been paid to do all the P&Ds of this stock in the past
-already a resistance on the chart at .06 even WITHOUT all the above.
-looked at prior runs and saw how this drops like a lead balloon
I wasn't able to sleep a solid hour last night...
I knew I was going to be selling at open no matter what. Luckily it was at .058 into today's news. By the good graces I was saved and actually turned a modest profit...
I am not an Investment Advisor and I cannot be held liable for your investment decisions. Everything I write is to be considered "in my opinion".
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