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Re: jolivi01 post# 7259

Friday, 12/21/2012 3:39:57 PM

Friday, December 21, 2012 3:39:57 PM

Post# of 36859
We saw this with WAMU as well at one point. Don't fall victim to believing that there is value here just because of this recent run. Stock dropped almost 20% over the last few days. Does that mean something negative has happened? NO, nothing has happened. This is a penny stock, trading on rumor and hope. There is no analyst coverage, and no institutional interest. If there was something solid here you wouldnt see the kind of decline we have seen. It could go back up 20% tomorrow, and it still doesn't mean anything. This will end with the equity being worthless. The gyrations of the stock in the meantime just provide an opportunity to get short at a nice price. If you understand what is going on this is just free money.
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