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Re: gold100 post# 57

Tuesday, 04/18/2006 11:08:39 PM

Tuesday, April 18, 2006 11:08:39 PM

Post# of 128
If you wonder: Who would sell now, and why - I can answer for myself. I bought modestly, in the .03's with "gambling " money. I was leary about the buyout, but said stock will at least bounce. I sold into the run up yesterday afternoon and finished selling at .042 early this morning. In fact almost all of the first hour trades were mine. I have no inside information. I sold for 5 reasons. One: I called the company and received no response and I knew that also happened to others. Two: I have been trading full time for 40 years and can't recall when a stock was trading less than 50% of an all cash, buyout offer ,favored by management with a vote less than two weeks away. Three: I didn't like the deteriorating pattern of the RSI. Four: I receive all proxy materials electronically and I had received NO proxy material as of this morning. Five: I had a good percentage profit in a short period of time - so I took it. I don't know what will happen in the next two wekks, but it should be interesting. I'll watch from the sidelines and will neither gloat nor groan.To those who stay long, I sincerely hope you do well!

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