Morning Robert,
I talked to the company and asked them what they thought was going on.
There not quite sure but I mentioned to them that I thought that it was
being artificially kept down to allow some behind the seen players to
position them selves. When you look at the internals of the stock, the
way it is trading you can see that something is going on. Thats fine with
me. Gives me more time to get positioned myself. I'm just about filled
to where I want to be. I will have a core position if it should go to
3 & a trading position just in case it doesn't. If nothing else I've
learned over the last few years trading these pennies, you have to have
2 positions. That way your butt is covered no matter which way it goes.
It also reduces your exposure time and level.
For the most part I think that it is doing nothing more then being churned.
When you look at the vol. it seems like what is sold today to move the
price down is bought back in a day or two to move it right back up. Who
ever they are they must feel that it is worth the trouble and expense
for the gain in the end. If this does do what is thought to be going to
happen based on the N.G. deal and with the Indo play as a kicker 3 really
doesn't seem unreasonable. In fact that # could be very conservative, but
that all remains to be seen. Like I said before, I only beleive what I see
but being an old boy scout I will follow that old motto,"be prepared",
and I beleive it was W.Churchill who once said "when opportunity knocks,
be ready to open the door and go through it". So here I am, getting dressed
in my Sunday suit, waiting for Opportunity to knock. Gotta take a stand
somewhere, so it mise well be here and over at Twg. Just as good a place as
anywhere else.;-)))
So there is my 2 cent Robert. Only time will tell.
Later,
Ron |
