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{ 2010 03 16 }

THRR - Part II

I have received numerous emails wondering why I questioned THRR, when just yesterday I was calling for the stock to move higher?  I did have THRR on my watchlist yesterday and was calling for gains.  That doesn't equate to an endorsement of the stock.  These Pink Sheet issues are to be traded not held.  I may not like THRR but I knew the money pouring in meant a move higher and I alerted readers to this.

When the company came out with a press release stating $.01 as the buyout price, I felt the need to let the novice and newbie penny stock investor, who frequent my site, know that holding for $.01 will be a fruitless endeavor.  The smart money was selling today after the stock rocketed to $.004.

We trade the penny stocks to make money, not to be left holding the bag after the $.01 buyout offer falls through.  THRR made it clear in their press release today that they do not have to update their shareholders if this supposed deal falls through.  This is exactly what they say:

The Company disclaims any obligation to update or revise any forward-looking statements.    

Essentially, today's press release of the $.01 buyout may be the last you ever hear from the company on the subject... and there is not a thing you can do about it.

That is why we trade these stocks.  For those of you who made money on THRR congratulations.  People made money on ZVTK, CBAI, EWRC, and the like too.

The bottom line:  When the interest reaches a tipping point it is time to move on to the next one.

Watch and learn.
Posted by admin on Tuesday, March 16, 2010, at 10:10 pm, and filed under THRR, penny stock. Follow any responses to this post with its comments RSS feed. Comments are closed, but you can trackback from your blog.