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Schmedrickk

10/03/08 11:19 AM

#59621 RE: pontalba #59616

Zero risk? Surely you mean zero profit

All depends on how you look at it, is the glass half full or half empty? I agree the profit would be zero, on the other hand if you bought at .0001 and sold at .0001 the risk would indeed be zero. Yes, this is a pink sheet stock and there is a very large amount of risk with any penny stock for that matter. I don't disagree with that, and yes the Bid can go back to no Bid, we've seen it happen several times.

We have also seen the Bid come right back again, several times, just like it did yesterday. This lowers the overall risk somewhat as there is a reasonably good chance that should the Bid disappear, it will come back again.

I have to admit, I have rarely seen this type of behavior on a pink sheet stock in the 14 years I've been playing the markets. It happens from time to time, but it is quite rare. Two recent examples where this did not happen are WNSH and CBAY. Once they hit no Bid, they stayed there, I know there are many other examples like that.

Something else to take note of, with all of the volume that drove this down to no Bid, it didn't take nearly the same amount of volume to bring the Bid back, that should be telling us something right there.


:-)