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Posted On: 01/05/2018 12:32:29 PM
Post# of 43065
Your example, albeit correct, makes the broad assumption that the investor astutely picks $.01 as the bottom and decides to average down.
For people who've been following this scam for many years the believers were averaging down at $2, then $1, then 50 cents, etc...
I'm sure that most here now realize that this is a simple pump and dump. A nice run has taken place but the volume has been pretty anemic so IMO it's not sustainable.
The "news" gave PTOI another 120 days or so of a rotting carrot. It'll be interesting to see what happens over the next few months.
GLTY
For people who've been following this scam for many years the believers were averaging down at $2, then $1, then 50 cents, etc...
I'm sure that most here now realize that this is a simple pump and dump. A nice run has taken place but the volume has been pretty anemic so IMO it's not sustainable.
The "news" gave PTOI another 120 days or so of a rotting carrot. It'll be interesting to see what happens over the next few months.
GLTY
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