Monday, June 11, 2012 5:59:10 PM
Boy, ain't that the truth. $1K in volume and the last week was about 3 million shares or so per day, hardly an active stock that has 1 billion O/S and a float that is probably (we don't have a valid number) of perhaps 700 million....
I guess it points up to all the "long investors" really believe in this pink sheet stock, the famous CEO and IR person and that they are sure to make a ton of money holding to the bitter end.
(All should be mindful that many the folks that are so "loyal long" are prolly not....
)
Anyway, even the pink traders with the least skills will get their head handed to them I suspect. In my years, I have never seen a pinky that was a long-term hold. And that is just my experience owning and watching this market. It is a swamp of corruption.
gltu
I guess it points up to all the "long investors" really believe in this pink sheet stock, the famous CEO and IR person and that they are sure to make a ton of money holding to the bitter end.
(All should be mindful that many the folks that are so "loyal long" are prolly not....
) Anyway, even the pink traders with the least skills will get their head handed to them I suspect. In my years, I have never seen a pinky that was a long-term hold. And that is just my experience owning and watching this market. It is a swamp of corruption.
gltu
A concept that "the end justifies the means" may be met with bad karma. ;-)
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