Replies to post #90746 on 8000 Incorporated (EIGH)

[janice shell]

Yes, smart shareholders have the sense to set targets and sell when they're reached. But that often doesn't happen down in the pennies.

Or EIGH shareholders would have bailed in the 0.30s. Of course, some did.

[ibreken]

I would think most shareholders aren't selling because....well... what is the point? They've already been crushed...down anywhere from 80-95%. The mindset in these cases is "I've already lost almost all my money...no point in selling now". It's like someone who went to the casino and lost $190 of the $200 they brought to gamble. Don't know many if any that would go to the crib to cash in that $10 chip left over. They are happier to lose it than cash it out. Unless people are looking for a tax write off of course they will hold. And...to be blunt, most of the people who get scammed by these things aren't usually in a 'situation' to need to offset gains in other stocks...if you catch my drift.
That and it's on the greys.... ;-)