InvestorsHub Logo
icon url

kahuna

11/02/06 10:12 AM

#30933 RE: abbalich #30899

hehehehe... let's be friends, we have different opinions on what moves these pink sheet stocks...truthfully, i don't think most pink sheet investors are "technical" and when they see something on the news they google it on the internet and look for the company's stock symbol. They don't invest large amounts, but hope that since this product is starting to air on national television, they can enter the stock at its early stages. If I was looking at the technicals of this stock from certain charting formats, I would have sold this Oct 24. Let's face it this stock is what alot of people like to call a "pos"...it hasn't held any gains; advances past the .006 mark have just fell right back down to the .004 level. PRs, though generally very positive, haven't given any boost to the underlying stock base. I think pink sheets move on emotion rather than technicals. Those who use technicals generally make money by catching 30-50% moves. 95% of the time, stocks that skyrocket look lousy before the move. My guess is that audited financials, if they divulge a positive eps, will make this move just like PECB did in January. They had the same positive prs but never moved until the eps news. It went from .08 to 80 cents rather quickly, however, it is pretty much back at it's original pps.
I just thought this was one of those very rare gems that would be different. sigh sigh