lowtrade

[lowtrade]

IMO learn to sell.

Actually there were 3 PRs.

Jan 19, 2010 MetaPower International, Inc. Receives $642,000 CAD Purchase Order for Process Safety Work With a Major Oil Sands Energy Company  
 Jan 13, 2010 MetaPower International, Inc. Receives $269K P.O. for Maintenance Planning Services With a Major Oil Sands Energy Company  
 Dec 15, 2009 MetaPower International, Inc. Receives $1.3M CAD Purchase Order  
 

I did do some DD (real DD) reading the pink sheets reports, the company filed. Not just the PRs. and one could think this company isn't doing bad. Postive rev's, & earning, PO extentions, and funding preferred share conversion. All a nice read.

Question is they are not legally binding reports. They were not reported to the SEC, and audited. Shareholders have no recource if the company recants, saying they made a mistake sorry.

NEVER believe a pennyland story!

You have one possibility for a save, because the share accumulated & sold numbers show there are some not sold yet and with continued PR blitz, (last one just Jan 19) looks like they still have shares to sell. They are trying to support the channel price and build price again, if possible.

If for some reason they are successful and get it back to 2 cents. I wouldn't hold for 10!!!!!!! IMO your in for a loss, don't wait to long hoping for a resurge and gain.

Check this and work some personal numbers.
You will preserve capital if the trade fails with no run and be able to create larger gains if it does move back up. Run the numbers.
It's called capital preservation in a failing trade!
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$1,000 at .01 if it runs to .02 you get a double($2000) If it dives to .005 your down 50% ($500). If it doesn't run after you lose more. If it does you get back to where you would have been.

Sell 1/2 at .01 if it runs to .02 you make 75% ($1,500 $500 doubled + $500 cash) if it dives to .005 you lose 25% ($250 or 1/2 of $500 left in) and you have ($500 cash) for $750 after.

Now if you hold and it dives to .005 your down $500 with nothing to re-invest. If it runs to .02 after, your double double will get your original $1,000 back and to $2,000 on the second double (No gain change).

But if you sold 1/2 and are at .005, you will double double $250 to $1,000 (200%) and double double $500 preserved and re-invested to $1,500 (200%). For a gain over all of $2,500.
$1,000 + $1,500

This should give you an idea. Work the possibilities, put your numbers in and decide the best way to increase your odds for success and capital preservation.
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This is a play, seen many times. Learn to sell when you know a play is ending.
Once shares are dumped the PR support goes and the play dies.