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Jackroch

05/30/11 12:27 PM

#4020 RE: Eagle1969 #4015

The one thing I can say about you is that you are meticulous in looking into the details of things and that is admirable.

That being said, I hate to say it but in my opinion, the average shareholder in the penny market is NOT as meticulous. People in the penny market for the most part buy and sell depending on whether a stock is going up or it is going down. My opinion.

Stock is going up. Most folks don't really know why it is going up but they want a piece of that.

Stock is going down. When should I sell this dog? is pretty much the first thought.

I can say this because I had NOTHING to do with a penny stock in my life until last year. And I started by buying stocks when they were going up and selling them when they went down. And I lost what for me was a lot of money doing that.

I'd like to say that you are right and it is as simple as the stock went down because people examined the financials and blah, blah, blah. That would be awesome but I think what really happened is A LOT simpler than that. When you are talking about the BIG BOARD stocks like Apple and IBM and such, I have absolutely no doubt that profits, financials, mergers and acquisitions and such cause stock fluctuation. In the penny market, well there are, in my opinion, other forces at work.
On that, a book could be written and probably already has been.

Let's see what the company is planning. The CEO is under absolutely NO OBLIGATION to disclose company plans or answer individual investor inquiries by email. He has PRs and financials and THESE are his communication line to investors. SEC filings. Not emails.