Better For You Wellness Inc (BFYW)

[lbcb123]

Sport47... how old are you? That will be the basis for what advice I give you.

Penny stocks should be for your speculative funds and not for your IRA. I told you before you will never know as much as the insiders and they will always have an advantage over you.

I followed this for 7 years and thought this was pretty much a sure thing to get a pop on news for their first revenue after promising it for 7 years and failing to deliver. Dieter is obviously playing both sides and throwing the game to benefit insiders. You can have all the knowledge like I do and still get burned.

It is likely he is connected to the $105K note that is convertible on or about November 20th. It will take a pump to sell those shares. My mantra for the umpteenth time is I never tell anyone what to do with their own money, but if I really needed this to work out... I would hold another month and bail quick, fast and in a hurry with the next pump!

You want to be out before the last couple weeks of the year. I believe there will be a lot of selling by long-time holders to book their losses to offset gains as the indexes have gone up. I will keep my eye on this the last week. I could see taking a speculative position if I could get shares at about .0025. Anybody planning on selling and buying back, look up the wash-sale rule. You need to be out for 30 days after selling before you can buy back if you want to take the tax loss. Sell the end of November and buy back the end of December might let you double your shares if you insist on holding.

It takes work. You need to read the SEC filings closely and know how they finance themselves. Lots of toxic financing out there and most penny stocks are in a death spiral waiting to go bankrupt.