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Re: johnsyn post# 130

Tuesday, 01/03/2012 9:57:56 AM

Tuesday, January 03, 2012 9:57:56 AM

Post# of 206
There are no otcbb or pink averages but I suspect 2011 was especially brutal for IHUB's core penny "players." Actually Pennyland hasn't had a nice year since 1998. It hasn't helped that stock gamblers were often taking chances with their homes and other real estate. Borrowing on home equity. So they were especially hard hit by the RE bust.

Many penny players are nearing retirement age. IHUB's demographics are much like the those of horse tracks with lower-middle class old geezers living off Social Security and lucky to buy gas for their rusting Crown Victoria. Horse tracks are in trouble everywhere.
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