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MC_in_BigD

07/14/11 10:28 AM

#140656 RE: Nebuchadnezzar #140655

Yep. Gotta be SAVvy When working with these penny stocks.


GO GOIG
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mdimport

07/15/11 10:58 AM

#140677 RE: Nebuchadnezzar #140655

the fact that volume has been fairly low is not exactly a "white flag" sign

I used to be an adherent to the high volume white flag sign, but as GOIG dilutes further the high volume capitulation moment becomes increasingly irrelevant.

Right now GOIG is on the brink of the $0.0007/8 range as trading interest evaporates.

10M shares at $0.0008 is $8k and at $0.0007 $7k. That's a $1k potential profit all day for every trader without commissions in a company that's completely untrustworthy.

There are $0.0007/8 plays where the company is on an uptrend. Is it really worth the risk with GOIG (diluting heavily, lying in its public comments, under litigation with Intregen and unknown as to real corporate structure) at this stage?

Unless there's been some dramatic turnaround in the last quarter with respect to revenues, even $0.0007 looks rich.