RE:HAVE BEES - WILL TRAVEL (new people must read)You mentioned what's changed. What's changed is the share price went parabolic for 3 weeks. There was no substantial reason for a SP increase like that. The stock was trading 38 million shares per day for a few days wich is totally unreasonable for that many shares to change hands in a day. If those shares were in safe hands you would never see volatility like that.
There PE at 8.00 a share is absolutely rediculous.
The company is diluting, spending money like it grows on trees which is scarey.
This stock is trading on pure emotion right now.
The news and media have pumped this industry up so big so fast that allot of people are going to get caught,
That being said, I do believe in the industry and I know it's going to an evolution of sorts that everyone is lucky to have witnessed but to buy into these companies with anything other than money you can afford to lose right now is absolutely crazy.
They wont settle down for along while yet and until the law is finally passed and some of these companies can actually show some sustainable earnings, its going to be massively manipulated roller coaster. Definitely only one for the wild and crazy and you better have a strong stomach.
I know I can't justify paying 8.00 a share for this company right now. That run up was totally uncalled for.
No wondet insiders are selling. There instant multi millionaires off this kaboom, I'd be selling to if I had a million shares under a dollar.