*********HOW TO PLAY THIS MARKET***********
WHAT ARE WE DEALING WITH?
market manipulation
WHAT WILL HAPPEN?
coii price will drop until the mood changes. then, it will turn back up and slowly but steadily slog its way higher.
WHAT WILL CHANGE THE MOOD?
confidence that coii is in charge, that trials are ongoing and will be successful, that the management team is firmly in control, and that coii will be back on nasdaq.
HOW LONG WILL IT TAKE?
could be a day or two, could be longer. but, coii is run by intelligent, honest men who will make the right decisions. i wish i had a crystal ball, but i don't. if you read HELGW's post about the "rabbit" affair you will see how ridiculous this affair actually is. yet. in spite of the insanity of this situation, the problem is very serious and is requiring serious attention by coii management.
WHY HASN'T IT HAPPENED FASTER?
my guess is that coii was surprised by the viciousness of the shorts attack and were surprised that the shorts were able, through their manipulative legal machinations, to affect their nasdaq status. i am convinced that coii has a crack team of legal minds that is well versed in working with the sec and nasdaq administrators. in the end, we will be back on nasdaq.
WHAT CAN YOU DO?
obviously you can buy, hold or sell.
HOW SHOULD I MAKE THAT DECISION?
if you need the money to live on, you did not plan your investment portfolio with a great deal of thought. you might need to sell a bit to hold you over.
if this is long term money and you have no more funds left, you could think about selling some and buying back at a lower price or just holding and riding this fiasco out.
if you have a ton of cash, you might want to continue to watch coii drop and then start buying near the bottom. at some point, a group of smart investors are going to get rich off of this affair. don't forget that once coii has dropped unmercifully, the shorts will start BUYING and will make more money than the innocent investor who bails out at the bottom. i have seen it happen time and time again.
if you are aggressive, once coii is on nasdaq, and the price is still depressed, you could even consider going on margin if you believe that this company has strong technology, strong management, but has suffered unfairly at the hands of the underworld.
REMEMBER, WE ARE NOW DEALING WITH MARKET MANIPULATION. YOU ARE DEALING WITH THE WORST KIND OF CAPITALISM--THE DARK SIDE OF THE STOCK MARKET--KEEP YOUR WITS ABOUT YOU--DON'T PANIC--MAKE RATIONAL DECISIONS. THIS TOO SHALL PASS.
curtis |
