Classic market movement. Buy the rumor, sell the fact.
You could have bought EFLN at .0004 a few months back. Then the rumors/announcements of the CE coming off caused the stock to rise, striking an intraday high of .0021, before it found a .0012-.0014 trading range. It slowly sold off as the rumor eventually became fact. The smart traders made real good money on this recent EFLN blip, a whopping 400% or more.
As I've always stated, you can easily make 30%+ returns over and over on Pinks. Only 30% can make you rich. $2000 compounded at 30% would become $380,099 in just 20 trades (Theoretically in a perfect trading world. Stop losses would most likely prevent you from ever having 20 straight winners)
Most people lose money on Pinks because they won't take profits or set stop losses. They dream of one initial position returning 10,000%-50,000%, so they'll pass on a solid 30%-100% profit or ride a 10% loss down into a 50%+ one as they chase that dream. Because most Pinks are junk companies, and survive on preferred share/debt financing, dilution and PR spins, holding on to the stock for a long period of time can create huge losses in value if not get wiped out should they do a R/S (and Pinks do a LOT of R/S's)
Pinks are worthless, crap investments...but excellent short term trading vehicles, IF you learn to study charts and follow their behaviors and history.
GLTA,
Oz
News 
Market Data 
Discover 
