OTC IPOs, Mergers & Other Material Events

[Big Brother]

8 out of 10 times it usually works out, being one of the first investors, so it's pretty low risk to hit the buy button, unfortunately in this case it didn't work out too well.

Basically they broke my cardinal rule #1......NEVER dump a ticker down, on the first day of trading, below the initial trade price. Because as soon as you do this, it starts looking like a bad p&d(as opposed to a good one that actually moves...lol) and the traders won't touch it, and it's primarily shorter term traders that move these things in the early going.

They could have started the trading @ .20, and still doubled their $$$, then progressively moved it up, .25, .30, .35 etc and it would have been bullish, and traders still buying.