Re: richardo/S/P @ $.08...jeffother...
posted on
May 16, 2011 12:57PM
Great observations jeff...
For the life of me, I fail to understand who would try to make money by trading in a penny stock that is stuck in a $.03 cent range for a whole year?...
That .03 Cents is a 30% Margin of a pps languishing between $.07-$.10 Cents during past year...
My view is that the 6 million+ shares traded represent the number of shares thrown around between the MMS in their effort to make a Market in this stock, with everyone sitting on what they have till the Markman Ruling by Judge Krieger creates a legitimate trading opportunity between $.30-$.75 cents, or $.03-$.05 cents as the case may be...
GLTA...
Gil...