On4 Communications Inc (ONCI)

[Reindeer830]

To flip or not to flip??? I have posted before that my original position was approx 10M shares at approx $10K for avg of $.001 bought in several orders in 3 separate accts. When I decided to double my position, I was lucky to buy another 10M for approx $10K to maintain my avg of $.001. Note: I was not in at $.0001 or low trips. My lowest price was 500K at $.0007. I bought a few at $.0008 but most at $.0009-$.0011 with 200K at $.0012. I have not bought/loaded any more since.

Now to flipping. I am on record as saying that I agree that I could have made some $$$ flipping if I was willing to spend time at a computer and work the daily buys & sells. But, I'm not. I sat at a computer my whole career since being a mainframe programmer in the early 70s and bringing MIS to the Marketing & Finance teams. Flipping requires a lot of daily work & risk and I don't like either.

So, yes, I left some money on the proverbial table by staying long because I truly believe that the PPS is heading up despite some dips - some small; some big. Actually it's been easy to just let it be. My conversations with SB and watching his interaction with my friends in the car business continue to convince me this is the right decision.

Thought for today: if I had sold, I could have bought back in today at $.01 for 10% of my position (2M shares) or I could have bought my full 20M position for TEN TIMES THE MONEY OR $200K. Easy to be long as far as I am concerned.

Buy shares today and share in the profits as we go forward. Go ONCI