Tuesday, March 4, 2008

Dixie Lee Industries International (DLII) (DLII.PK) Stock Spam: Investors Chicken Out

So much for the Dixie Lee Industries International (DLII) (DLII.PK) stock spammers. After another day of selling, DLII / DLII.PK is at $1.00 even on about twice its average trading volume (it had four times trading volume on Monday). During the day it fell to $0.95 a share. There have been cases like this with Pink Sheet stock spams when the pumped stock fails to make any gains and trades lower on heavier than average volume. Whose to say Dixie Lee is a buy/sell/hold at this level without knowing the company's financials. Yahoo shows a 52wk low range of $0.55 and a high of $10.00.

Track Dixie Lee (DLII) (DLII.PK) spam and background information.

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