Post A Reply
my profile
login
|
register
|
search
|
faq
|
forum home
»
Allstocks.com's Bulletin Board
»
Micro Penny Stocks, Penny Stocks $0.10 & Under
»
PAIV
» Post A Reply
Post A Reply
Login Name:
Password:
Message Icon:
Message:
HTML is not enabled.
UBB Code™ is enabled.
[QUOTE]Originally posted by PCola77: [QB] Here's the deal. Basically there are supposed to be 27million shares of this stock outstanding. When Ameritrade screwed up they released hundreds of millions of shares into the market that should not have been there. People gobbled up these shares, and knowing about a potential short squeeze, may have said "I bought at .001 and I'm not selling til we hit a nickel." Even though that's 5000%, we blew past that today. Some people (myself included) took profits much earlier. As Ameritrade buys the shares back, fewer and fewer people are willign to sell at each level, and you have some people who won't sell til 25 cents, 50 cents, $1, etc. Eventually the shares at one level dry up and the price goes up to the next level. It really could see $1 if (and this is the huge if that no one really knows for sure) the above mentioned scenario is true and Ameritrade has to buy the shares back. In fact, just throwing out the $1 may seem ridiculous, but IF IF IF there really is this kind of unprecedented short squeeze, I don't see why it couldn't go to $2, $5, $10 etc, if enough people hold there shares. As far as I know, nothing like this, in this magnitude has happened before, so we're in uncharted territory. [QUOTE]Originally posted by NEL: [qb] tonicma, how can this really go to $1, seems pretty impossible? [/qb][/QUOTE] [/QB][/QUOTE]
Instant Graemlins
Instant UBB Code™
What is UBB Code™?
Options
Disable Graemlins in this post.
*** Click here to review this topic. ***
Contact Us
|
Allstocks.com Message Board Home
© 1997 - 2021 Allstocks.com. All rights reserved.
Powered by
Infopop Corporation
UBB.classic™ 6.7.2