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Re: Auger08 post# 12999

Friday, 01/30/2015 12:51:20 PM

Friday, January 30, 2015 12:51:20 PM

Post# of 106838
Aug, totally agree. Extremely difficult to time it - when it's so ill-liquid and the swings can be super, mega violent fast. Like lightening fast. Unless I could park in front of a level II screen and never leave, literally not even for a bathroom break or to the kitchen (and I've done that in the old days) - it can be super risky.

With the ultra low share price and fairly high ill-liquidity, how much can one really make? It's tough to put-on more than maybe a $10K position and get it to fill easily, so what's 30% or 40%, maybe $3K, but that much and more can be lost if one turns their back on the screen for 30 seconds. It's super volatile when they game it like this. If one wanted to put say $50K on this, it's extremely difficult to get a fill quickly and then if it starts to drop- good luck trying to get out of that volume- they'll just keep moving the bid/ask on you, sometimes for an hour or more never giving you a fill. You have to drop way below price and then they "might" take it for any serious dollar amount- brutal MM's on these thin traded deals.

If I'd bought the perfect bottom- it'd be great. But with Magna now all over this one- it makes/made me real gun shy. Magna are a notorious wrecking crew, just a brutal hedge fund basically.

So, I don't know- I can't see pulling the trigger right in here. I think I'm gonna wait for the OCAT secondary to price (if it ever prices, sheesh !)- that's the biggest stem cell deal going right now IMO. Gotta see the secondary reaction though first for me personally.