Guys, guys, take it easy. You worry too much about short term, normal market fluctuations. I, for one, don't believe you can apply standard technical rules to penny stocks (support, resistance, etc.). They are different animals, IMHO.
If you are in this to get out at $1.50 in the next 2 weeks then don't read the rest of this. By the way, I DO believe you will get your money.
If you are in this for the longer term (defined as 3 to 6 months) then you will be rewarded but be prepared for volatility. Small floats, crooked MMs and the Internet story make for a volatile combination.
Press releases ARE coming, $$$ IS on the way, partnerships are being formed and acquisitions are being worked on. Things are good!! My old saying w.r.t. penny stocks: "things rarely happen as quickly as we expect (or want) them to". Hang in there, don't look at the stock price every day, give yourself a break (I speak from experience on this one, PARTICULARLY with Viking).
I can tell you the management at this company is going to take this step by step, very methodically, nice and slow. Once the public sees the entire picture come together, this stock will explode. Time frame for all of this: 3-6 months.
Again, your choice: take $1.50 in the next few weeks or wait and reap the real returns! |
