SillY you say? people buy pinksheets on rumor and sell on news.
meaning they buy shares in anticipation for something, whether product/service launch, merger or acquisition, financials or etc.
Right now there is NOTHING promising happening in the near future.
the only thing that could bring something to the table is the financial report which is to be released by the end of the month.
Now, I think it is obvious to most people, if not all, that financials are expected to be pretty bad. If it was good Ike wouldn't change his strategy!
So why would anyone wait till the end of the month to see the financials and then sell?! when he/she can sell now while the pps is in the teens... By the end of December this could be in .000s
So No, I don't think it is silly to sell now. that's a smart move iMO
I think this stock is dead until further notice. This is back to where it was last year around the same time.
Hopefully Ike's new strategy with twitter will bring some life into this stock.. (which I personally doubt)
IMO the company needs a new CEO.
GLTA