Saturday, March 02, 2013 7:19:38 PM
It is obvious that most of those flippers lost. All you have to do to realize that is to look at the price and volume patterns. For someone who knows a stock well, which trades within a range, flipping can pay off. However, on a stock like BCCI that has a very pronounce downward trend for nearly two years, having lost around 98% of its value from the top, it is hard to make money flipping. The odds are very much against it. Do pay close attention to what you are doing, otherwise you are only making money for Barry Henthorn and his cronies. The day when he does another reverse split cannot be far away. There is little playing room when the stock is under two cents. He and his cronies hold more than 80% of all the shares and are regularely issuing themselves more for "services rendered" (this is stated in the financial releases). Most restricted shares become free floating shares after two years. These people are loaded with shares that they cannot sell. Look at the volume. Only a reverse split will create a situation where this can easily take place.
You do not have to pay any attention to me. This is just a warning. I hope you take it in the right light.
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