I believe your strategy is right on the spot. Yes, an investment of $500-$1500 investment for a flier is definitely worth it, but $1500 is just too much money for this at this juncture, when they don't have anything, not even the funds to clean up their filings. I think, $500 dollars, (somewhere between 100-200K shares) is enough for a lotto here, if ever. $1500 investment could take you a long way with other investments and if this (EGYH) really flies, then it's ok to chase it even with $1500 if the news ever breaks, I don't mind slapping the ask if the news is really legitimate provided that I believe there is a potential of a SARA move here, I will even consider chasing it at 200% premium with the $1500. However, this right now is dead, nothing happening, best case trades once in a while is between 8-9 thousand dollars worth of trade, that is nothing to sneeze on, if I see over $20,000 worth of trades, then that is something I will consider getting back into, but I have to see that at least 3 times a week. Good luck to you.
