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Re: Red Knob post# 4987

Tuesday, 02/28/2012 4:56:47 PM

Tuesday, February 28, 2012 4:56:47 PM

Post# of 54207
EJo, why things are looking grim? There are many things in the company besides the current PPS and they do not look bad. Even the PPS itself, it's great comparing to 5 days ago. The PPS must fluctuate and must retrace at times. I would be worried if the price kept moving up without a breather and not on solid news and support because if it retraced - say from 0.005 - to the current price range of 0.0015-0.002 (which could be the current acceptable value range), then the psychological effect would be devastating.

The price could plummet but there's also a good potential for heading north very high putting in mind the different factors from fundamentals to expectations to traders sentiment, and especially the little float which is not usual these days in penny stocks.

This is in no way a call to sell, buy, or hold, but it's only how I see it: it has a good potential. I believe if/when it moves high, it will be worth the wait.

Your money, your decisions.