the Inert and Inept
DCLT EIPC PSWR INTP CYNS CNHC
these are the last of a collection of some 25 (or so) bottom fed illiquids. this was a case of intentionally parking money in anticipation of a day that might never come. but.... in this game, if you buy low enough, and the stock doesn't have an r/s or get suspended, in time, it will prolly have a run -- and by 'run' i am not necessarily talking about doubling.
FTEG, NHPI, PCLI, LCTZ, CNHC were all 5 year holds that ran better than 20 fold in the last year. and, as was my rule of thumb with these, i spent no less than $100-200, and no more than $400-500.
so now i await the final six, where my average cost per issue is less than $200, and while the spreads are outlandish, as is usually the case of the illiquid, only ENHT has an ask below my pps. as is often said, 'patience pays' and....
over the last week or so there has been a gathering of momentum in PSWR, and in rising over the last two weeks from a bottom of .0013 it brokepast the resistance at .002 and .003 to reach a 5-year high of .004. this has the look of a coming 'coppa' move. i have an old 80k @ .00156. my conservatively current target is .0085. as is said elsewhere 'we will see'.
