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Actuate

08/28/12 12:21 AM

#17115 RE: lmcat #17108

There is a huge difference between a typical penny stock investor and a "Long Term Investor". Most investors in this market don't hold these stocks long. If they don't run in the short term, many individuals cut their losses and dump their shares.

With SIRG, there are most likely some "longs" that are simply bag holders. With no substantial volume and no bid support, it can be difficult to dump your shares without taking a major loss. Yes, I know you are going to say that these people entered at the bottom, and I think that is total BS. Many of the investors are just hoping that SIRG goes up so they can break even IMO.