Re: wow --opinion
in response to
by
posted on
Jun 06, 2008 08:57AM
Engineering, procurement, construction & management of crude oil refineries.
Good point ;)
I also hope that the mods exercise their best attempt at objectiveness and allow "negative" opinions as well as positive opinions, despite their obvious vested interest in seeing the stock price go up.
Here are my thoughts on why the price went down to $0.12:
- no developments/releases to demonstrate progress on the opportunities since last release
- COB has remained unaddressed and progress not communicated to shareholders
- financials were not filed properly on time indicating a severe breakdown in basic corporate responsibility
- lack of trust in the company's news releases given the past action of clarifying and re-stating almost all the company's public communication
Here are my thoughts on why the price up in the past two days:
- given the small float of the company, a collective and unsupported frenzy about anticipated news has significant impact on the price
- positive feedback encourages the same people who initiate the frenzy to build positions, pushing the stock price further without fundamentals to justify the increase
- when this internal demand dwindles, the outsiders realize the lack of substance to the claims
In the end, my OPINION is that I would not accumulate, I would not put more money into this company until some PROGRESS is shown.