Alan: I know that there is some evidence out ther
Post# of 43064
Posted On: 04/01/2014 7:41:58 PM
Alan:
I know that there is some evidence out there to support what you are saying. The OTC is not a perfect market by a long shot. Frankly, there are not many stocks worth buying here. But, it is a market. I would guess that the amount that a stock differes from it's intrinsic value is no more than 5 or 10%.
I don't buy OTC stocks unless I am lucky enough to get firsthand information. That happens once in a blue moon. Once it is on a message board it is too late, and there is no point in powrrying about it. It is our money, stick with the higher exchanges. I do.
There is always a market-driven argument that flies in the face of what you are saying. I someone drives down the price of a stock, well then it is more attractive to investors and there will be more selling pressure, driving it back up. The shorter is screwed. It is as simple as that. If the company being "abused" had any real value, the ploy you are suggesting would not work and the shorter would not make money.
I have observed that very few true penny stocks in the .05 - .10 range ever make it out of that cellar. If they do, it takes years and is frankly not worth the effort. And statistically, those that are losing money have an even rarer chance of survival. It ha snothing to do with market imperfections.
JBI is no different... right now there business plan is entirely different than what was originally presented to investors. What was presented was almost sure-fire success, and not only through making fuel. What about the tape business? And investors have no idea if they can be successful selling processors, because it is almost impossible to put together the business case for it. For one thing, we do not have the information to do it. How convenient...
That should be enough to simply walk away. No amount of blaming others will change the situation.
I know that there is some evidence out there to support what you are saying. The OTC is not a perfect market by a long shot. Frankly, there are not many stocks worth buying here. But, it is a market. I would guess that the amount that a stock differes from it's intrinsic value is no more than 5 or 10%.
I don't buy OTC stocks unless I am lucky enough to get firsthand information. That happens once in a blue moon. Once it is on a message board it is too late, and there is no point in powrrying about it. It is our money, stick with the higher exchanges. I do.
There is always a market-driven argument that flies in the face of what you are saying. I someone drives down the price of a stock, well then it is more attractive to investors and there will be more selling pressure, driving it back up. The shorter is screwed. It is as simple as that. If the company being "abused" had any real value, the ploy you are suggesting would not work and the shorter would not make money.
I have observed that very few true penny stocks in the .05 - .10 range ever make it out of that cellar. If they do, it takes years and is frankly not worth the effort. And statistically, those that are losing money have an even rarer chance of survival. It ha snothing to do with market imperfections.
JBI is no different... right now there business plan is entirely different than what was originally presented to investors. What was presented was almost sure-fire success, and not only through making fuel. What about the tape business? And investors have no idea if they can be successful selling processors, because it is almost impossible to put together the business case for it. For one thing, we do not have the information to do it. How convenient...
That should be enough to simply walk away. No amount of blaming others will change the situation.
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