I agree with your remarks on stock trading.
As far as the CEO answering questions I differ--but primarily on why he will not respond and having nothing to do with obligation.
I never traded in penny stocks until after I looked at what happened in CPOW. I was really surprised at the quick and large gains in these.
Now they are 80% of my trading, in fact usually pump and dumps.
I had no idea until I looked into CPOW how much money is made on such stocks.
The pumpers make millions, those who buy into the pump early make a super gain and those shorting have a guaranteed good gain.
I will not mention any stocks in order to stay within IHUB rules but the mechanics are fascinating.
I participate in a chatroom trading these stocks and have learned the characteristics one looks for to find them.
I bought one for 1.46 and rode it to over 10 in 3 weeks in April.
That was a remarkable gain.
When that stock "cracked"--and they usually drop dramatically in one day-- it fell from 10 to about 3, then bounced over 2 and one trader in the chatroom bought it on the bounce and gained 51k in an hour.
One that was just totally ridiculous cracked after running from 1 to 4 and a chatroom trader made 87k that morning shorting.
Nearly all have no legitimate chance of success over a period longer than a few months.
I just bought a large position in one for 1.60 that I feel certain will go to 4 maybe 5 in June.
Shorting these is much more difficult not because you will not make money--once they crack they are as reliable as savings bonds--LOL--but there are so many traders watching to short, knowing how guaranteed a gain is that you cannot find, cannot buy, short shares--another phenomena that I never saw in stock trading til I got into P&D's.
Ironic to me that CPOW really changed my trading though I have never bought or shorted a share of it.
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