hello newbie, why didn't you sell when it was spiking to 60 cents? oh, you probably didn't know about Bieber's previous stock? Take a look at how $OPGM played out... 99% drop? does that pretty much explain the run down? break even or get your #$%$ out before you lose your shirt... consider reversing your position if this thing really starts to tank. Just look at the beautiful OPGM chart. Good luck newbie. Here's my best advice... Don't trust ANYONE on the internet, especially in these forums. Everyone has self interest. Make your own trade... Educate yourself before you place another trade please...
Pumpers like Scott Matusow and his followers sold out when the Bieber announcement didn't move the stock. When all the turkeys like him finally move on and word gets around regarding Bieber and the upcoming promotional campaign, we should see price appreciation. IMO the announcement looked great. It's just going to take a little time for things to fall into place. GLTA
I tend to agree with this idea--I know Scott well enough to know he can become impatient and impulsive. He bought on a lark and a rumor yesterday and expected a quick return today. I'm pretty sure he sold out. But also such a quick run up sets up shorts, and but I haven't a clue about short interest for BMPI. Finally, as others have suggested, OTC trading is very easy to manipulate. I wouldn't be surprised if this were an orchestrated walk-down so that others could accumulate at lower price. I'm comfortable holding and actually increased my position by 50% today. No risk no reward--but you need a bit of patience too. It's clear to me that BMPI is serious about growing the company. Why all the recent appointments and high-profile celeb deal? Of course that doesn't guarantee success, they will make a run at it--and I doubt share price will stay forever below $1.