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.
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3 comments:
Dude your awesome. Whats wrong with these clowns that think this deal is actually true. hahahha.. Is this their first rodeo? Wow, what an awesome trading day us daytraders had, but anyone holding this POS overnight, are you kidding me? hhahahhaa
You should have told them about the infamous PGYC and EESO buyouts! hahahha..... That clown at PGYC even tried blaming me in one of the press releases for calling doubt to the buyout offer! Too funny!
This CEO ran off with everyones money after selling 400 million shares and has never been seen again!
Seriously people, THRR is a scam. If you are an advanced trader though, come to the party with us...but this is a freaking scam and NEVER forget this!
http://finance.yahoo.com/news/Patriot-Energy-Corporation-ccn-2825173359.html?x=0
BTW, its THRR, not THRI, FYI.
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