Quote:
|
Originally Posted by griffin
Just curious? Where did you first hear about GZFX? From a pumper on some message board?
You will feel better if you just can admit to yourself its a pump and dump and your just hoping to play the pump. There is no long term value in that stock, the massive convertible they have would basically wipe out existing shareholder equity if the stock appreciated at all.
|
I'm not planning on holding it long term.. If you read above long term for me is a week. I will play the stock all the way up or all the way down. I say long term meaning it has a big run coming up if CC approves the full 600 stores.
I'm in it on the green days like today and I take the profits when they show. I dunno how much research you have done on it, but they are doing a test run on 19 stores I think it was. It's since been rumored and confirmed n a few of the stores but they reportedly already added an extra 10 stores brining it up to 29.
On Dec 1st during the interview with wallst.net Chairman said that the CC trial was doing well and subscriptions were up 25% for the month of Nov. That's not BS from pump and dumpers it's straight out of the chairman's mouth.
I'll agree it was over pumped by all the hype, a lot of people saw it as a great buy, hell it was listed on finance.yahoo.com front page one day. How many penny stocks have you seen that happen too? The reason it shot up to .025 was because of all the hype, it then took a dump because a lot of people started bailing when no new news came out.
It's since retraced up to .014 range and then back down to .01 and now it's going back to .014 range.. This will happen until they release another PR about the CC deal. It's a penny stock, it's not going to stay stable it's going to go up and down.
If this was a pump and dump, it has to be the best financed one in the history of all pump and dumps. Hell if that was the case, I'd love to know how they got Circuit City in on it..