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Tuesday, September 7, 2010

Abterra - Aberration trading?

Abterra has an interesting trading pattern today.  First, the sharp downfall was caused by Goldman Sach, then followed by an astounding rise to more than $1.50 due to short-covering and herd-mentality investors chasing after this counter.

Liks i said previously in my post, nothing much has changed for this counter and unsuspecting investors will get bludgeoned by the management for its future fund raising event.

1 comment:

Eric Ho said...

The CEO had sold all his shares!

Do you think it's still worthwhile to buy abterra when the CEO had cashed out?