On4 Communications Inc (ONCI)

[Reindeer830]

Liam - good position - very happy for all ONCI longs. I think we all need an exit strategy - that will be different depending on our position and our short & long term needs. One potential exit strategy is to hold everything - especially for smaller positions.

I got into ONCI slow at first based on DD by several people and my own personal DD. I do not hold any low trips. As the pps languished in the high trips and low .001s, I built a $10K position of 10M shares for an avg of very close to $.001. After being burned in a few other pennies, I had set my limit at $10K for any one penny ticker. Then, news started to hit and the pps stayed around $.001. I thought I should double my position but struggled with the decision for a few days. I doubled my position to $20K and 20M by selling 100 shares of aapl.

I think I had nightmares for a couple nights. Theme generally was what "halfwit" sells aapl to buy a penny stock. I got lucky - I guess. Current strategy is to sell some (25%) at silver prices and enjoy some short term benefits. I have a mid term target for 50% and a long term hold of 25%. I still think dollars only happen if we sign a huge contract but I am on record as saying 100 $1M contracts is worth as much as one $100M contract. This is going to be a lot of fun. Chrysler and Ford news by end of Sept - which is next week. Good luck to you and Go ONCI.