Elray Resources Inc (ELRA)

[Taylor Orion]

I wouldn't do it now. It could have been done the first hard run up. Then you could have banked 15k immediately and let the rest ride. Always staggering sales up and over the ask, with minimal bid splashes, since there was so much buying pressure. Right now, it wouldn't be the best idea until more developments come out. You could try buying up about 5k and placing a bid in low, to try and keep the floor together. The large order sales have mostly been backroom buys. I believe them to be naked short positions being covered. This should hold for now, and they have had a decent amount of their notes already converted and diluted. Now would be the time for CD holders to load back up, if they wanted to convert, and then let it bleed out in the next run again. Like you said, we shall see. Happy Thanksgiving to you!