true, but i think most people are just waiting patiently. our volume is up big which is a healthy sign. for now, we sit and wait, but isn't that half of what trading is all about. we sit and wait.

i was almost certain we were going to finish at .051 today but we didn't.

DOPHY: do you really think that with products on the shelves of every major sports retailer that this company is just going to fall by the way-side? I highly doubt it. If you've already lost a lot then perhaps it's time that you just bunker down for what appears to be a long winters nap? These winter quarters are always bad for companies that make water products. As soon as the summer comes rolling around, and it's coming quickly the PR's are going to get better and bigger. Just my opinion, but of course you are free to do as you wish.

DOLPHY: my best guess is this -

In my opinion penny stocks tend to attract investors who are looking for a quick buck by buying penny stocks in mass quantities (because they have the funds) then as they begin to take off within a 1-2 day period they sell and make a profit. I have a friend who works for a huge broker and once told me that these kind of people not only have the funds but they have friends who have the funds. They apparently get together at night and say something along the lines of, "lets buy xyz stock tomorrow because it's so cheap and with our money combined we can raise the ask price and then sell at the end of the day or early the next." It's a snowball effect; as soon as a penny stock rises 1 or 2 cents, everyone else jumps on. Then they move on to the next one. Small time investors also tend to treat these penny stocks like revolving doors, in quickly and out quickly over and over, building wealth in that fashion and getting taxed heavily on it and taking a huge risk.

then there are others like us who buy in and sit there hoping for the best. had i sold at 11 cents i would have turned a 30 grand profit, but i wasn't ready to do so. a little faith can go a long way. perhaps i was dumb for not selling, but i think otherwise. we'll get our share of the action, just hold tight.

also, i know it's hard to watch this dwindle day in and out, that's why we need a hobby. :)

I'm actually going to purchase an Execute rash guard over the next two weeks for my long (5 month) trip to Hawaii, so maybe that one extra sale will put us over the top. Ha! I am a funny guy aren't I.

- see you guys on Monday...it's Vegas time.

Speaking of Poker. I'm off to Vegas tomorrow for the weekend so hopefully I'll have some luck there.

DOLPHY: Yeah, yesterday was disapointing and today isn't much better, but I'm not too worried. The market juset needs the earnings release which is bound to be very positive and then we'll be on the upward move.

DOLPHY: You still holding strong?!

It gets hard to wait for earnings doesn't it? I'm just trying to think about other things...I may pick up a hobby temporarily just to keep me busy. Ha!

Dolphy: I read somewhere (another board) that they probably have not released earnings because they are still under audit. This could potentially be a good thing. They have had such significant growth over the last few months and they've announced each of them publicly through PR's that they may want to be certain that they publish the truth. I highly doubt that their new leadership team is going to publish false growth, if I had to place a wager, which I technically did by purchasing shares, that they are going to blow our socks off once earnings are released.

If you go online and visit each of the stores that are posted on the Execute site you'll quickly notice that their products are plastered everywhere within the water sports section. This company is not going away it's here to stay (in my opinion). I'm willing to weather the ups and downs because in the end it's bound to be quite fruitful.

Let's also not forget that Celeste probably has great relationships with vendors and other company's through her previous role at body glove. I think the Kawasaki deal is going to be a great addition to their bottom line and is only a start.

Oh and finally, earnings were also likely delayed due to the sell of Academy Boards. There are alot of i's that need dotting and so forth, so all you have to do now is be patient.

We all saw the jump from .03 straight to .11 in a matter of days, I expect a similar jump if not higher after earnings.

Good luck to you, and remember that more times than not, the moment you sell, is the moment it begins to move up.