Monday, January 09, 2012 3:57:13 PM
ortunities, especially early on, to take some profit, and to add some good more numbers to your position.
Here's my take on how this will go, and this comes from my experience dealing with penny stocks:
A company shows promise (whether real or just imagined) and gets a good following of investors. Some are actually in the play, others are on the sidelines. Juicy PRs come out and the stock surges. This initially causes a lot of buying as some join in and others chase, all anticipating much higher returns, generally based upon the pumping and cheerleading of those who have probably bought in at a much higher price and need to recoup some investment.
When everything looks peachy keen, the MMs start their game and begin the shorting and "appearance" of dilution. The whining and crying and naysaying begin in the forums and a host of people begin the massive dumping, allowing the MMs to cover all of their short positions.
This is replayed over and over, and if the company is NOT legit, the PPS continually shrinks, to almost, or even at, a No Bid.
If the company IS legit, it is harder and harder to get new investors interested, and you always have the ones who lost money b/c they couldn't hold out, and they are now your resident board bashers.
Since new money is not coming in, the true longs need to buy what they can, if they can, and the PPS usually lags. But, as the games are played, one should see higher lows and also one should be able to clearly see the games the MMs are trying to play and can't.
So, you need to do your DD. When the games start and most abandon ship, if you're committed, you buy up the cheapies. As the ramp up starts, you selectively sell small portions to cover your investment and to dry out some powder for the next round.
Too many pinkies have ruined real investments, like I conclude SHKZ is and is going to be. Noone here knows me from Adam, so my opinion is just that, another opinion, from another unknown person, with an unknown agenda. I can waste my time trying to persuade the horse to drink the water, or I can keep filling my pitchers until the day the horse comes and begs me for a drop. Most days, it's easier to just fill pitchers than to deal with either end of the horse.
All JMO. GLTA. I'm always here somewhere.
North Bay Resources Announces Assays up to 5 oz/ton Gold, 1.5 oz/ton Platinum, 0.5 oz/ton Palladium, and 0.5 oz/ton Rhodium at Mt. Vernon Gold Mine, Sierra County, California • NBRI • Oct 4, 2024 9:15 AM
Basanite, Inc. Appoints Ali Manav as Interim Chief Executive Officer • BASA • Oct 3, 2024 9:15 AM
Integrated Ventures Announces Launch of MedWell Facilities, LLC and Lease Agreement with Giant Fitness Clubs • INTV • Oct 3, 2024 8:45 AM
Beyond the Horizon: Innovative Drug Combinations Offer New Hope for Alzheimer's and More • NVS • Oct 3, 2024 8:45 AM
SMX and FinGo Enter Into Collaboration Mandate to Develop a Joint 'Physical to Digital' Platform Service To Enhance Natural Rubber Industry's Ability to Report on Sustainable and Ethical Supply Chains • SMX • Oct 3, 2024 7:00 AM
Transforming Alzheimer's Treatment: Innovative Combinations to Boost Cognition • PFE • Oct 2, 2024 9:00 AM