You nailed it Getitgogone... No one was asking questions as to "why" this was running from $4 to $13 all they were doing is yelling Weeeeee. There is a purpose to why these stocks at this level do what they do...its not the same, no matter what some may try and tell you, as stock running on the OTC.
How many times anyone here seen an OTC stock get paused or halted because of volume volatility...hell I have been in some that have traded over a billion shares in one day and not get even so much as a look see. They protect the shorts here and they protect the investor here.
This is the bottom floor of a company that will either hit $20 and up a share or be bought out for a nice price. Buy outs are controlled by two previous management people based on their owning the majority of shares...but they wont turn down $25 a share you can bet on that... Aetna and Blue Cross are on board... who's next, and if anyone thinks there are many more lined up your nuts. Last thing some should understand, dont blame the stock for your entry point.. trying to catch this yesterday the way it traded...the company had nothing to do with that...it was all on investors. The deal for the private investors was done and none of them had anything to do with volatility, that announcement was coming no matter what. They made the deal when it was a $4 stock. Put out a PR that said Blue Cross Blue Shield was going to "Study" their kits, not 100% approve them. The thought was based on that the stock might run from $4 to $7/$8 and they still would give those institutional investors a deal. Had they known it would go ballistic and run to $13/$14 they may have charged them $8. And as I type this its already back to over $7 in pre market trading. Going to be another wild day IMO
I was in and out twice yesterday and will be back in this morning. Good Luck to all.
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