US BioTec Inc (USBC)

[veritas-twj]

holdceoaccountable

I sold one-third of my holdings in September to take a tax loss but will not sell any more at current price levels.
I intend to add back before year-end the amount of shares which I sold recently but at better prices. I do anticipate the $0.10 level will NOT hold, and that additional tax loss selling pressure will bring the price down to the $0.06-0.07 level in December, which is where I will repurchase shares.

Remember, when selling volume on any given day is heavy you should place a buy order not at market but just above the bid level (eg, if the Bid/Offer is $0.06-0.08, place a buy order at $0.065 with a minimum size if you wish). I have had luck with this strategy on heavy volume days.

I also repeat what I mentioned a month ago, that you should sell some at $0.25 next year where there is technical resistance (especially if you add exposure in December), and keep the remainder for a possible breakout run higher.

Best of luck.