You're absolutely correct. But, those who have come to believe in and are awaiting a better outcome, as with any issue, simply don't care to hear it. That being, how someone, anyone, is day trading what they have a vested interest in. Therefore, they are seen as being at least partially instrumental in keeping it down, with MYFT being a perfect example. This should, more than likely, be trading somewhere btwn .09 - .12, if not better, but isn't. And that's due, in part, to a handful of folks screwing with it on a regular basis.
There are two schools of thought and the one, buy and hold, is diametrically opposed to the other. That's just the way it is and even moreso in the Wild, Wild West. But once again, folks just don't wanna hear it.:)
Have a good weekend, one and all.
Lou
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