Secure Point Technologies Inc (fka IMSCQ)

[Pat]

No, I don't mind you asking and, yes, I am a shareholder. Having said that, I'm also one of the dreaded "flippers" of this stock. I don't short it but I've been pretty lucky in playing the price swings. I've been fortunate enough to have pulled enough out of my "trading shares" to reduce the cost basis of my "non-trading" portion to a $0 cost basis so I'm playing on "house money".

IMSC is part of my speculative portfolio ... meaning it's one of my gambling stocks. If it turns out to be a success story, I'm happy. If it goes belly up, I will lose the profits I currently have in my non-trading shares but I will have incurred no trading loss from playing the stock. At the moment, I have no trading shares as I'm waiting for a lower entry price. Admittedly, I wish I'd have pulled the trigger when it was in the mid .40 range last week.

My short term guess is that the stock continues to bleed. Long term, I'm hoping for a buyout that will lock in profits. Like the rest of us, I have no clue if that will come to fruition but I hope for the best.

Pat