Saturday, July 28, 2012 3:43:52 PM
SNDY - RM stock associated with Big Apple affiliates.
http://investorshub.advfn.com/boards/read_msg.aspx?message_id=77911059
My initial response was negative, but someone accused me of "lazy DD" so I'll take another look.
http://investorshub.advfn.com/boards/read_msg.aspx?message_id=77959982
When a company is associated with a Big Apple affiliate and it has a shell history like that I really don't do much additional DD.
I can look at the other filings for more information, but if I believe it might be legit (and I'll assume that is a possibility because of what you just brought to my attention) the next think I'd do is look at the charts.
I always look at charts in multiple time frames.
The first chart shows a wild spike at the beginning of trading and then constant price deterioration. I've seen that in another legitmate company that did NOT come from a shell so that could be just a function of the manipulation done on pennies.
It's interesting that the A/D didn't start to fail until June of 2011.
What I would really like to explain is what happened to the volume in 2011 - dilution??? Toxic financing??
Here's the yearly chart smoothed by a five day period - it looks like there may be some validity here just because it held part of the gain from the pump and may have set a new floor.
I'd say December 2010 would be the time frame to investigate.
http://investorshub.advfn.com/boards/read_msg.aspx?message_id=77911059
My initial response was negative, but someone accused me of "lazy DD" so I'll take another look.
http://investorshub.advfn.com/boards/read_msg.aspx?message_id=77959982
When a company is associated with a Big Apple affiliate and it has a shell history like that I really don't do much additional DD.
I can look at the other filings for more information, but if I believe it might be legit (and I'll assume that is a possibility because of what you just brought to my attention) the next think I'd do is look at the charts.
I always look at charts in multiple time frames.
The first chart shows a wild spike at the beginning of trading and then constant price deterioration. I've seen that in another legitmate company that did NOT come from a shell so that could be just a function of the manipulation done on pennies.
It's interesting that the A/D didn't start to fail until June of 2011.
What I would really like to explain is what happened to the volume in 2011 - dilution??? Toxic financing??
Here's the yearly chart smoothed by a five day period - it looks like there may be some validity here just because it held part of the gain from the pump and may have set a new floor.
I'd say December 2010 would be the time frame to investigate.
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