If you have really studied the way ETPI's stock moves in small increments and fairly low volume, you will immediately be struck by how utterly unrealistic it is to think that the stock can move up 78% on 7+ times the 'normal' volume in just the last two hours of trading, where until 2:10 EDT there had been no activity in the stock whatsoever.
There absolutely had to be a trigger event for this activity. It was not company news. And not one, but three, penny stock pickers conveniently discovered ETPI in the same afternoon! How coincidental!
maybe - just MAYBE - this company is - FINALLY - starting to actually turn into a "real" (profitable) company
Well, I hope you're right - but the process of turning around the stock price takes days or weeks. Certainly it will not happen instantaneously over the space of ten minutes in the absence of any company announcements, broker upgrades, or positive earnings announcements. No, MoneyMaker, this has every earmarking of an artificial pricing event.
It is a PUMP. You say you do not know absolutely for sure. I, on the other hand, am ABSOLUTELY certain about it.
if it all just simply turns out to be another case of more stupidly instigated pumper/dumper "crap" then - FINE - we will all learn about that Yes, we have already learned about that once, twice (at least) before. If you'd been in the stock a year or more, you'd know that we have been suckered before. Shall we simply be content to let history repeat itself once more?
So what should we expect next? I expect that many new investors will become disenchanted with the company as the price rise doesn't follow through. Their selling will put a top on the share price. Further, many of our longer-term shareholders will use the opportunity to get out of ETPI with but minimal loss. Just because it's a P&D doesn't mean it has to be bad for shareholders. It does get them to a decent selling point.
But pump-and-dump is bad for shareholders who stay long. The stock price inevitably drops. It builds an artificial price ceiling that is harder for the stock to pass through than it was ever before. (New shareholders often tend to hold until the price gets back to where they bought into the company. Then they sell.) Any positive price momentum will get destroyed here. Yes, P&D is a bad deal for ETPI. We have no reason to be happy about being the target company. |
