That’s Insurance More Solid Than Cedar
My intent is for this to be my last time-stamped journal entry on this board.
***APPROXIMATELY $4,000 IN PROFIT IN 3 MONTHS***
I have sold all 7,000 plus shares here for a cool 100% return. Average cost according to Etrade was .69. It took me a week to exit at an average price somewhere above $1.40. I sold all over the place. I got spooked.
The capital structure here is the best I've seen *at this time*, making the "physics" extraordinary. This was easy money, but I've done a lot better. I don't trust this company, but that was irrelevant from my original purpose. This stock could easily bid up to $10.00 and still could with these physics. But there is another possibility now that I don't like. If you don't know who the patsy at the table is, then it's time to leave the table. I have folded my cards and will ride off into the sunset.
I wore a robe and talked to a number of priests. Not the high priests, but I've watched his behavior and body language. Unfortunately, it's too much like a cult.
This week, there was a 2nd round of 4 of private placements overseas. However, what spooks me is that these are not accredited investors. They are very naïve, unsophisticated "investors." I know they are they patsies, but I am I included? I want to be the mark because I'm bullet proof. But if I have to depend on those guys -- Whew, forget it.
So this week was a good week to get out in a stock with no liquidity and such a miniscule float. There is too much focus on this stock price in order to recruit those investors overseas which are also "agents." And these agents are trading their shares within the company itself through its "binary" trading platform. Not available to anyone else. So, the company is pocketing money from investors and agents. But I don't see any focus on the products. It's a multi-level marketing company which is illegal in some countries and rightfully so. The promises they are making to their agents are mathematical impossibilities. There is extreme naivety and false comparisons made daily. This stock price can easily be manipulated with this tiny float, which I banked on. I decided to see what would happen if I lowered the price with few shares, and put limit orders all over the place. And if while the trading stock they stopped filling my orders, I would "punish" the company by dropping it to the bid at 75 cents. It's like I got paid off to get out. That doesn't mean that's what happened as their are multiple interpretations for the same observations. However, it played out exactly as my theory suggested it would. But that isn't proof.
I don't know if those private placements will ever actually make it here. If they do, I think that's great for day traders. But shorts could have a field day here too. I tried all the products and I'm just not seeing anything special. God is also invoked too many times by the agents. To me, at best that means intellectual dishonesty and magical thinking. At worst, manipulation. Nothing good ever comes out of God's "blessings" in sales pitches. Or most matters, for that matter. He/she should just be left alone. Secularism in business is good business. No reason to muddy the waters. It's never a good sign. Every time I go undercover and dawn my robe to talk to a "priest," they engage in magical thinking and show a complete lack of knowledge in the stock market. Their hopes and aspirations seem sincere for the lower-level priests, but I'd argue they are sincerely deluded.
There is also nothing here to stop naked shorts from coming in. But IFF the CEO here wants the gravy of this stock, and IFF he brings those shares public, I think the physics could be good for the short term. As long as the SEC doesn't shut it down or something nefarious happens. I don't know what their true motives are, but I don't have a good vibe about it at all.
I'm out. I left 180 shares on the table just for fun. It's nothing, but I don't intend to post here anymore. I said my peace and no reason to rain on anyone's parade. I could always be wrong and may have missed out on another 100-bagger.
The stock closed at $2.10 today at the time of this writing, it's 52-week high at this time.
The End.
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