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Re: pennyman86 post# 9908

Friday, 04/13/2012 3:02:09 PM

Friday, April 13, 2012 3:02:09 PM

Post# of 15377
not only was it increased, it was increast by 5 TIMES!! from 500,000,000 to 2,500,000,000! I would say the continued downtrend originally stemmed from NXOI being broke, but then once they increased the A/S five-fold it meant time to head down to hang out in triple zero land for a while. I do still think it is a decent buy down here but that it could stay down here for a while, sort of like happened to COHO after they increased their A/S astronomically. it doesn't even seem to matter what is and isnt available in the public float after these huge increases in A/S these things seem to hover in triple zero land for a while.

Then again NXOI seems to have a lot of ups and downs (during its overall downtrend over the past year) creating opportunities for flippers week after week.