I would think they are trying to jump on the bandwagon of another CES company that posted news today that they are partnering w/ ATT for a quick gain! Pretty much what we are waiting on! ANDI!!
Investors getting out of ANDI while the getting is good is all. This ticker has been a dog for years and nothing positive has ever happened. Forward looking statements without any meat and potatoes mean squat diddly.
People sell to take profits. You don't go broke taking profits. In penny land they go down just as fast as they go up. If news is still 3 weeks out this can drop by 50% or more. If you were in from .000's you might have a few million shares and only plan on keeping 1 million long term. These penny stocks all trade similar. The average working Joe researches stocks at night. They places buy orders at night for the next day. The buys line up in the morning they fill at their bids the volume drys up. Working Joes also set stop losses at nice round numbers. When the volume slows and the stock trades sideways the shorts come in. As everyone gets scared and dumps in the afternoon the shorts buy to cover and the price starts to go back up. This cycle repeats over and over again until the demand is not there. The buzz on groups like this can give momentum, shorts can get stuck and panic buy to cover just the same as panic selling they can also have stop losses to buy to cover.. Only a handful of people on this board are holding long to make millions. Everyone is holding until they make money. Placing a dollar value on how much a stock will make you is not smart. If a stock is a good buy today it will be next week and next month. Go into it in small blocks. Buy more on dips. Sell YES Sell some with a 20% -50% gain. Buy some more when it pulls back. Hold a few free shares for the long term plays. If you cut you losses by taking a small profit AS SOON AS YOU CAN you don't need to worry about if this stock is going up or down. Move on to the next one holding some free shares just in case...
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