If I thought it was going to last more than a couple of days on the NAZ, I probably would have bought--but the news was that it was getting pulled from NAZ.
I know two guys who bought K-Mart and Enron a day or two before they were de-listed. Bottom fishing. Didn't work out. Total risk capital. A throw of the dice if you ask me. Things are generally worth what people are willing to pay for them.
I think the secrets not to risk your whole account on em. I had 20,000 of em yesterday but jumped out just before noon when the 0.06 suport got pretty thin. I play pigs alot and anything that sits at the 9-10cent mark is worth watching because once they loose that extra decimal at 11 and get some buying on them they can honk...It puts reward a little more in your favor. If they fall below 11 you get the extra decimal back which slows things up a bit. Guess everyones risk levels differant.
I wouldn't read too much into this because with shorts covering and option and Leaps getting squared up that could explain the buying strength. I can't imagine that anyone is really investing. Maybe some are taking a long shot gamble but I would personally rather buy a lottery ticket. Cheers
I bought WCOME this morning and sold it out a number of times until the plateau, and made a bunch of cash...all through INCA Ave. trade time probably 10 seconds. Traded it for credits rest of the day. Boooo YAaa!!!