I agree. Also, take a look at CHAR, which dumped big yesterday, look at it today. Mini float will do it. I know some about CHAR, as you know I am a bull on some natgas\oil stocks. CHAR is junky, mini float due to a rev-split, but hey, look at the price range last 2 days.
So, the float is the reason for the dramatic moves, simple as that.
Same as these i-net ipo's. Who gives a crap about fundamentals as long as they are moving in the right direction? This is not investing, it is simple speculation, or to coin another term, wildcatting. |
