InvestorsHub Logo
Followers 186
Posts 3082
Boards Moderated 1
Alias Born 02/12/2001

Re: None

Sunday, 03/17/2019 6:38:39 PM

Sunday, March 17, 2019 6:38:39 PM

Post# of 421
Thin, illiquid and ‘who knows when?


when i began redoing my leftover portfolio -- years of being forced to sell my winners because of money issues had left me with nothing but losers and write-offs -- i took the path of putting together a small collection of dormant issues and thin shell and reverse merger candidates, and had some luck with those kind of sleepers. though they take a lot of patience, conservative playing often produces returns in the 4 to 8 bagger range, if not far greater than that. of course, we are talking parked money, but i have nonetheless been known for being prone to throwing $200-800 (generally less than $500 on average) at these and then waiting for the arrival of Gidot. his arrival, btw, can be quite fruitful.

case in point: i had EXAI @ .006 on its way to .30, and last year i traded FTEG from .0002 to .005, PCLI from .0002 to .0013, and NHPI .0001 to .0008. at the time of the NHPI sell i desperately needed the money, and then when i had the chance to recoup the shares, i flat out missed it. but, as long as you survive, there's always another play in this game, and i recently sold LCTZ, bought at 004, and CNHC, held from .0015.

of course, the problem is that pesky ‘when?’ business. trading thin or dormant is nothing if not about ‘when’. i waited for years for the aforementioned, and now, this being an influx/outflux collective, after a year and a half of transmogrification, i'm holding a new hand, and, i suspect, should i choose to stay long with them, it will take no less than 2-3 years for this latest consortium to completely play itself out.

currently on ‘slo’ watch:

WOWI 20k @ .01. a 15-12g filer with some recent trading around .019x. 6M O/S. but ‘when?’ on bid break .025 i ponder a sell.

LOGQ 1k @ .20 3M O/S SEC filer recently traded around .45-.65. its prolly too late for adding on at or below my entry, so i’m simply looking for a sell that begins at no less than .75.

NDVN 300 @ .88... oops! bought too high, but its a small holding. not sure what i’m doing here, but i see volume coming in on a bottom bounce. or is that a button bounce, and it will all close in soon enough? hmmm..

Join the InvestorsHub Community

Register for free to join our community of investors and share your ideas. You will also get access to streaming quotes, interactive charts, trades, portfolio, live options flow and more tools.