I agree the market will turn, but mom and pop will be staying away from the market for a while, they just got their asses handed to them. Yes the big boards have been going up for many years, and a correction was due, but what has gone on isn't because a correction was due, US companies are imploding everyday, companies that are 50 years old and more are just tumbling down, and the domino effect is in full force. Companies that are the backbone of America are collapsing, it's not as simple as the market is going to turn. This is a depression, they can keep avoiding that word all they want, that doesn't mean it's not so. But as I've said all along, the good news is people drink during depressions, they might not go to the bar and buy that $10 drink, but they can afford a bottle from the local grocery store, and self medicate themselves to sleep.
I think what will happen with the penny market is the quality stocks will rise to the top, and all these pink and OTCBB POS stocks that are a farce will fade away, and people will stop buying their lies and stories followed by dillution, which is good for us, as this is the real deal, but how long before that turn of events takes place, I don't know. Contrary to what some post here, most institutions don't buy penny stocks, I've very rarely seen an OTCBB with the big boys holding shares, not that those institutions have any creditability anymore anyways. Right now, IMO, this stock is in the penny market players hands, and the penny market is mostly run by chartists, so when this stock finally hits it's bottom, then it may have a chance of getting some momentum and breaking the resistance at 30c, or when Universal Geffen Interscope bring out their big guns. Right now this board has 140 boardmarks, yet I've seen scam pinksheet companies with as many as 500 boardmarks, when that changes this situation here will change, and in a big way.IMO
Wasn't life nice when the hardest thing you had to do was chase an icecream truck :)
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