News Focus
News Focus
Followers 8
Posts 513
Boards Moderated 0
Alias Born 07/17/2003

Re: Ray Clarkston post# 2204

Tuesday, 10/21/2003 4:12:03 PM

Tuesday, October 21, 2003 4:12:03 PM

Post# of 4792
Ray,

My CDIK story is fairly similar to yours.

I first bought 1000 shares back when the price was around $1

I then watched it drop, drop, drop. But when it started rising last year (just before NVS dropped out), I bought another 1000 shares at ~18 cents, then another 1000 shares at ~30 cents. So I had 3000 shares, total dollars invested, ~1500 or so.

Then I watched it drop, drop, drop to less than 1 cent in January this year. At that time, I had just sold another stock for about 7 grand profit, so I decided to roll the dice on a long shot that I still thought had a good chance to make some money. (Since I was playing with the profit from another trade, I figured it was money I could afford to lose). In January, I took that 7 grand and bought ~550,000 shares. Since then, I added another ~150,000 shares at between 3 and 4 cents. After the recent spike, I sold 100,000 shares. I didn't quite catch the high of 13.5 - 14 cents, but I did get between 10-12 cents per share. This sale covered my total buy in cost with a little bit left over. So now, I have close to 600,000 shares, but they are essentially all paid for by the one sale I made. I therefore am lucky enough to be someone long enough to have bought when the price was over $1.00, but averaged down so much that I am ahead now.

I will admit that the day I put up a sell order for 100,000 shares, I saw at least one post (don't recall whether it was on this board or the other one) complaining about management dumping. However, my case proves that even blocks as big as 100,000 shares are not ALWAYS management dumping. (Although I'm guessing they frequently are).






Discover What Traders Are Watching

Explore small cap ideas before they hit the headlines.

Join Today