the question is why-you would think that all the p
Post# of 83
To drop 1/2 in a couple days without any bad news-in fact w good news -though maybe not the instant gratification some in this microwave generation always chasing the instant magic bullet may have expected -is typical of the flipping mentality of the penny market where everything is played like a paid promo,even though there isnt any promo.
I surmise last Thursdays PR was played like a promo on the assumption there would be no more news for some time and thus some could take their almost instant profit w the view to play the next chase or buy back in after a pps drop later in anticipation of the next PR. From a fundamental long term perspective I hate these promo flipping magic pill games.
Though they arent limited to pennies. I've seen totally illogical reactions-noted as such by analysts who cant figure out the trading mentality either (and they do this for a living as supposed experts) to solid blue chips PR's and financial reports also. E.g WMT fell dramatically once even though the quarterlies beat revenue and pps expectations- and I've seen the opposite -pps rise dramatically on worse than expected news for both blue chips and pennies-with no clue by me or experts to the traders psychotic mentality. As a quick study I've never spent so much time investigating a subject while learning so little because the illogical emotional unpredictable aspect of trading far outweighs the extremely limited fundamental logic,for those who have even heard of the concept of logic.