Re: Yesterday, SFMI also reached a 2 week high!
posted on
Dec 13, 2013 11:35AM
(Edit this Message from the "Fast Facts" Section)
Pic,
I understand your desire to keep things positive in the face of a crumbling share price. However, you've made these same trading observations when the stock price was 10x, 20x and 30x higher - as if there are some dark forces behind the curtain that are trying to paint a different picture than what the actual state of the company reflects. It doesn't matter one bit whether a T-trade occurred, whether more buys than sells occurred on a down day, or whether the stock has been painted up or down. The bid and ask is currently .0011x.0027. A lot of funky, unpredictable trading phenomenon occurs on a relatively thinly traded pink sheet stock with a wide bid and ask. Bottom line is at the end of the day, at the end of each week and at the end of each month, the share price has been in a steady decline no matter what the market makers do during the trading day. Everything else is just noise and I don't believe that shareholders need some kind of false hope when the stock continues to drop on account of the non-performance of the company, not the mechanics and gyrations of the trading day that all wash out in the end.
Disclaimer: My posting here does not portend a reversal of trend in the stock. If that happens it will be purely coincidental. I merely saw the PR yesterday and logged in to see what the latest was in that regard.
PS - Peace and Happy Holidays to all.