Sunday, July 31, 2011 8:29:42 PM
SFIO is stuck in neutral for a long time, sure the swings are still in there, I mean .9 to 1.5 is pretty good, profit to be taken if you are flipping those spreads, BUT only IF their is volume there.
As far as buying a locked stock, caveat emptor on the premise you'll cash in when PR comes and the lock lifts, well in my opinion that is insane. You go from liquid to locked up assests for the most part with this volume unless you control the trades.
SFIO is simply not what it was in May or even June for that matter. The gravey train is dead, and all the excitement from the penny community isn't going to lift it up, even if the PPS is manipulated up a few times. Because when it does lift up, by shares aren't the ones selling, the ones selling belong to a MM.
Now if the lock gets lifted and THEN is followed by PR, we can play with this again.
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