So now even @ 60 cents the stock would be very expensive because it has virtually zero revenues and a $40 million market cap based on speculative press releases
How can a 25 cent stock be oversold when it's still @ $2.00? All you have is a now non-relevant name attached to a penny stock. There is virtually no revenue, or cash. Mostly hype that this man with a very limited shelf life from this point in time is going to create a cash cow tech company?
If I only had 2 people to choose from on how to make my investment decisions short or long they would be:
1) Warren Buffett
2) Jim Chanos
3) was Bill Ackman, but I think he got too rich and famous and fell out of focus so he's off my list
But Chanos is a heavyweight and usually right. He said 99% of the time when something isn't being disclosed it's not good. The accounting is highly questionable, Enron had better accounting.......
check it out
Risky, seeing oil has had a substantial bull run already
where do you put it then?
My guess is because it didn't move when gold spiked up Friday so some impatient traders dumped it as most all other miners were flying.....
off to $10.00 short term