No pain, no gain. Previous shareholders pain= new shareholders gain why? #1,the stock was the dog in Nasdaq, it might be the king in OTCBB #2,since the stock goes to OTCBB, NO REVERSE SPLIT is in sight, a safe play now. #3, the company has decent business with lots of patents , and it still has big potential #4,the reasons that the stock has gone this low: institiutions have to get out, year end tax loss selling and short selling
In my opinion, this stock will start to rise gradually as soon as in next few trading days. It could double or triple if major news hit.
In stock trading, the only difference is winning or losing. If people bought this stock at 4cents back in 3 days, they are already winning; if you sold short at 4 cents, you are already losing. What do you think that this stock is going? From the way this stock is trading, it has good chance reaching in teens in next several sessions.
Remember in OTCBB, this could be viewed as a quality stock. The book value alone is more than 7 cents