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mr_bitterness

11/02/06 3:13 PM

#3844 RE: lwtebo #3836

lwtebo: Point in case. But, imo pinky stocks should not valued by anything other than what price the market will bear. They are like collectibles, only worth what someone will pay for them, and most times that is determined by perceived potential, hype, momo and other indicators that would make any real company want to throw up.

Earnings &c are esp. hard to calculate in pinkyland due to how rarely share counts & real earnings are known. The companies don't usually file or report anything, they are entirely speculative and most pinkys never make it off the pinks. This is more true of subpenny pinks but we are not that far from that realm here. One good down day, in the typical style of ECFL hard down days, and we are right there.

If you ask me, pinks are meant to be traded, not invested in.