Posted On: 10/09/2014 8:33:12 PM
Post# of 43066
I completely agree with what you're implying. There's no way a couple million shares will tank the PTOI to triple zeroes. Too many average-downers and the stock is always "cheap."
Invariably in these scam stocks investors don't or can't do a valuation of the company. They're highly driven by reference prices and that reference price is usually the last trade. Cheaper than that reference price is a "great deal" to them. As a result scam stocks slowly sink over a long period of time as you saw in SSTP.
Don't underestimate how long investors will "wait it out" either. If there's one thing I trust when I hear investors say it, it's when investors say they're in a stock for the long haul, they're not kidding. I've seen scams last for over a decade for that very reason.
A while back the notion that PTOI dropping to "fiddy cents" had investors rolling on the floor holding their bellies from laughing so hard. Now the new number is probably a couple of cents because based on today's trading prices, $0.02 would be a "great deal." Who knows how long it will take before it hits $0.02, though??
Invariably in these scam stocks investors don't or can't do a valuation of the company. They're highly driven by reference prices and that reference price is usually the last trade. Cheaper than that reference price is a "great deal" to them. As a result scam stocks slowly sink over a long period of time as you saw in SSTP.
Don't underestimate how long investors will "wait it out" either. If there's one thing I trust when I hear investors say it, it's when investors say they're in a stock for the long haul, they're not kidding. I've seen scams last for over a decade for that very reason.
A while back the notion that PTOI dropping to "fiddy cents" had investors rolling on the floor holding their bellies from laughing so hard. Now the new number is probably a couple of cents because based on today's trading prices, $0.02 would be a "great deal." Who knows how long it will take before it hits $0.02, though??
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Yes, I understand your penny stock also is the real deal, created with the inventiveness of Edison and destined to be the next Microsoft. Yes, I understand that the delays are also only because your company is making their product and/or technology even more revolutionary.
