Saturday, October 13, 2007

Jitters

A big week with strength beginning to return before the shock market exit of AtomicPink(PNK) due to company bankruptcy. Must have been a tough month for Mizzy Maltz as all signs looked positive for the design company. As I mentioned in an earlier post, there have been a few dissatisfied customers raising voices in the forums, which can usually be taken with a grain of salt due to the anonymity of Second Life.
Hope Capital CEO LukeConnell Vanderverre posted a comment here regarding the PNK delisting and as yet I have not been able to contact Mizzy Maltz.

The market has completely stagnated with overnight volumes dropping to an all-time low, currently 186,273. Even heavily traded GPB has only managed 97k according to slquotes.com, as it hovers at a high of $L0.07.

Having said all this, there is no panic evident around the World Stock Exchange and investors are simply asking the question; "Why is it so slow?"
There is certainly an air of uncertainty on risky trades as the dust settles after PNK's exit.

Prices have not declined which does prove that our reported market maturity has not suffered.

All-in-all, I am taking this 'siesta' of volumes at face value and am putting it down to 1 minute silence for the passing of a much liked stock...chin up, let's get on with business.

Regards,
Logansan Oh
- CEO, Chairman

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