Newman:
A. You'd be surprised if it fell much further, eh?
How about 0.10? Then...they do a 1:5 consolidation to mop up
the sharebase. Now there's 5 million shares out and CYJ
trades at 0.50. The dreath-trend continues and the price
slides down to 0.25. Sound familiar?
B. Frank and Marchment. This is no allegation. It was written
up in the Globe & Mail last week. I'll try to get the date
of publication for you, as I never read the article, but another
trader I associate with did.
C. What I mean by a blow-out is when insiders, including promoters,
dump stock during a very high volume run-up, and then head for
the hills. It is possible that they shorted it to the nuts too,
through offshore accounts, and are making more money now. Look
at the chart and tell me MXR was not a blow-out. NPA actually
has a bit of a story to it that got more Joe Q. Publics all
hot to buy the stock, so the play lasted way longer than
anticipated. Look at the NPA thread. Classic. Just think to
yourself...if Frank was legit, would be recommend MXR after
the run-up, right during the blow-out? Come on. As for NPA
Frank got lucky in that additional buying came in. Those who
make money on these stocks either 1) have held the stock at low
levels for quite some time, 2) are flipping it by the hour, or
3) are shorting it like there's no tomorrow (which is usually
the case because amateur buying fades quickly for junk stock). |
