Saturday, April 29, 2006 9:19:22 AM
My account now worth $25k total. Out of these $25k I owe $22k to credit cards with 0% interest till the end of the year.
I have to decide one of three ways I can get out of this:
1. Sell 1.5mm shares at Monday price, maybe close to .01 and pay off my $22k to credit cards and have around $3k left and quit trading for good.
2. Buy another 1mm shares under .01 and end up with 2.5mm shares in the hope the pps will go up to my average of about .013, but only if it happens by July (I have a time limit to turn everything to cash by then)
3. Wait with 1.5mm shares and hope for breaking even if pps goes to .0139 by July and then pay off credit cards and have $10k cash left verses $3k if I sell Monday.
TIA to everyone who will respond with a good, intelligent, well reasoned opinion.
PS, and yes, I know I am not suppose to use credit cards and use money I can't afford to loose, too late for that.
Tony
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