InvestorsHub Logo
Followers 23
Posts 3591
Boards Moderated 0
Alias Born 06/28/2010

Re: Guts post# 3558

Thursday, 09/13/2012 6:56:16 PM

Thursday, September 13, 2012 6:56:16 PM

Post# of 20999
Well Agmore, thanks for the advice. But here's the thing. We still don't know how many more millions of shares those close to the company, that got shares after the R/S, are going to sell down here. On top of that, since I posted 3 days ago, another 1 million shares has traded around 0.06. So...

A. we don't know how many more millions of shares the seller(s) will sell

2. all those 8 million shares that were bought around 0.06 will be sold at some point. What if they want to cash out at 0.09? Or 0.11? On top of the huge seller that's been out there, now there's 8 million shares bought around 0.06 that will be flipped. That's a lot of additional buying that will be needed to get this stock to the point we can be "celebrating next year".

This post is my opinion and should not be used as investment advice.

Join the InvestorsHub Community

Register for free to join our community of investors and share your ideas. You will also get access to streaming quotes, interactive charts, trades, portfolio, live options flow and more tools.