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Alias Born | 02/23/2012 |
Wednesday, August 08, 2012 11:38:41 AM
The price is down with ST traders due to lack of momentum and lack of interest IMO. Firms are taking advantage of that situation and assuming short positions and succeeding because their money is more patient than the funds of penny stock investors gambling their bill money. Period.
Price is down also because LT traders have seen this company expand immensely in many different directions, but have not been given any solid figures by the company yet to allow them to evaluate whether or not the company is making the correct financial decisions. There has been simply too much news and not enough figures to allow LT investors to get a clear financial picture of the company's progress toward or away from profitability. That will change, but not today or tomorrow.
For my short term positions I blow with the market and am cautiously bearish. LT I am waiting for the uplisting to OTCQX and plan to wait and see if it materializes. We will find out 8/15 what happened to the company's SS in Q2, but not what's happening NOW. Not until Q3 FINS. An invitation to uplist to OTCQX is phenomenal news. Frankly, if that happens it will tell my LT position all it needs to know about the viability of IC Places and my LT share hoard isn't going ANYWHERE until that's off the table.
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