a few years back . Believed in it , Bought all the hype . And lost my shirt . Jeremy Barbara used to post on the message board . That alone would make one think that it was a legitimate company with great prospects . WRONG .
This former bike messenger took us all for a ride . The only people that made any $$$ were the phonies connected to the company .This company has reinvented itself so many times and sucked in so many dumb assed investors ( like myself ) it is deserving of a Soprano's segment . I don't own it , wouldn't buy it , or short it , and just want to stay away from it . The only reason I am posting this is ti maybe save some poor soul from losing his hard earned cash as I did . ( I only became aware that this scam company was still in existence because of the name change )
Good call! For those who don't believe that people or institutions manipulate stocks just look at MSGI. Someone drove the price up and then dumped when they got their price.
This movement today is unbelievable. Over 7, now under 6 and falling, in the span of minutes.
Stocks do not rise over 100% in two trading sessions and hold on indefinately. No decent day or trend trader is likely to hold this puppy over the weekend. I would suspect a sharp reversal tomorrow with a continuation over next week. It may not die back to the 3's but it is safe to say that the 5's are quite likely. Take your 10, 30, 50, or 100 percent gain and walk.
This stock didn't deserve to be below $2 and it doesn't deserve to be above $6. Its revenues last qtr were less than 4M and its income was less than 70 thousand dollars. Its good that it had income. But it was still, that's not huge.
If you don't know something, try to understand it first before letting out some nonsense.
Bunch of idiots on this board.
Just to give you guys a clue: it is a very low float stock. The yearend tax loss selling got buyers scared, and everyone tried to bid it lower and lower. With such a thinly traded stock, when the buyers step away, it can move down a few points a day easily.
So get a life and enjoy the ride if you're long. If you're short, blame your ignorance first!
Reporting to SEC? What bunch of jokers!