Okay, question for the experts here... NXIA.PK has a value of .0001, the absolute lowest possible value allowed by the SEC.
OTCCharts shows that there was a volume of 341,937,746 shared traded on Friday, and also shows a list of all trades. Most trades were for 9,000,000 shares, some of the trades at .0001, and some of the trades at .0002. I'm sure this must be too good to be true, but is it possible that if you are willing to take the risk that this company may drop off the market at any time (their financials are not overly promising), and you may lose all your shares, you can also keep doubling your money?
I mean, the value cannot go down, it can only go up.
Thoughts?
------------------ --------------------------------- Disclaimer: The opinions of the author are just that -- opinions. Do not base any trading actions on these words. Always do your due diligence before making any trading decisions.
Posted by letsplay28 on :
Below is the link to the financials, I know this is a huge risk, but isn't there also the potencial for an easy 100% gain here too? http://finance.yahoo.com/q/is?s=nxia.ob
I tried to paste the numbers in here, but it just wasn't working.
[This message has been edited by letsplay28 (edited September 18, 2004).]
Posted by Dr. John on :
R/S coming any day now. This is the pattern of all these cellar-boxed stocks... The setting and rising of the sun is a pattern. True, there's a chance that, logically speaking, the sun won't rise on the morrow, but would you want to bet it won't? - Don't touch this POS!
Posted by letsplay28 on :
I'm sorry, what's R/S?
Posted by glassman on :
reverse split.... they will convert, for instance, 10 shares to 1, raise the price 10X, and then the price will drop again as they add more shares from the treasury..... happens a lot....
Posted by letsplay28 on :
Ahhh..right...so in reality, it looks like the price cannot drop any more, but it can actually drop 10x!
Okay, thanks all....
Posted by glassman on :
more or less correct, i chose 10X simply for example there are some that go 200X....
less than 10x does happen too....but when they do this it does cost them money, so they make it worth the effort....
i am in no way implying that this particular company is a good or a bad investment/trade...just that there is a way for it to go lower...(and until you get the whole picute, a reverse split does sound good)