quote:Originally posted by wallymac: ?? Not questioning you in particular, more of a general question.
How is it that a company like AMVS, which has changed it's focus and manangement team and doesn't even have a site selected for mining can trade high yet companies that have products and are doing well(having profitable quarters and years) go down in price. I just don't understand.
I recently bought shares in RITT. Seeing them at a 52 week low and then seeing that the financial report showed a 50+% increase in business and 4 straight profitable quarters yet the stock went down.
I just wonder how this can be.
Can anyone shed some light on this? I am a newbie but a serioius one who does approx. 6 hours a day researching.
Simple...your stock is boring. AMVS isn't. Does AMVS have a snowball's chance in hell of becoming profitable? No, not really. But mining is hot right now, so people see a new mining group and figure it's gotta jump so they get in which MAKES it jump. Then enter the short sellers and the games begin. You may not make any money on your play right now but your stock is better than AMVS.
The Bigfoot
-------------------- No longer eligible for government service due to lack of tax issues. Posts: 5178 | From: Up North | Registered: Dec 2005
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Thanks Bigfoot. I guess I confuse investing with trading. I've gotten so involved in the pennies but sometimes I treat them like an investment and shouldn't. Thanks for reality check it helps.
Posts: 3255 | From: Los Angeles California | Registered: Jan 2006
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What will the company do in the future compared to where they are right now.
Posts: 352 | From: Marietta, GA | Registered: Nov 2005
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Made some nice money on IDWD and USXP... Still holding some USXP for tomorrow. Will be looking into JKRI for next week and any other good ideas you guys can drum up like maybe MSEP!
-------------------- trashed and scattered again Posts: 629 | From: Boston | Registered: Jan 2006
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There's a thread going on VRDI - does that one have merit? Volume spiked on Friday - a little more then average on Thursday. Been jumping around since last week.
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I'm looking at joining in on CNES. Seems like a lot of momentum building up for a good run this week.
The Bigfoot
-------------------- No longer eligible for government service due to lack of tax issues. Posts: 5178 | From: Up North | Registered: Dec 2005
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