Thanks Cy! Great Perspective As Always
Yes, once again you rise to the occasion of putting things in their proper perspective about the OTC. It is a sober perspective that requires any OTC Investor to tread lightly with one's eyes wide open at all times not losing touch with everything you stated.
You have been my educator in all of this, as I too once knew nothing about any of these Market Forces though I always knew the OTC itself is highly risky, but now I'm walking in the light of revelation about what really goes on here, especially with this recent OTC take down Fiasco that the SEC apparently is indifferent toward, thereby revealing they're anything but transparent and forthright, which quite frankly is very disturbing.
And like you said "anything can happen." Well said, another sobering thought!
I made a tough decision to bail on the other play, and take sizable profits. I dropped my entire position for reason a very large percentage of the gains got wiped out from the pps free fall day after day, but nevertheless I still did alright way beyond what I thought could happen from the beginning, but not anywhere near what could of been, and I will never repeat that mistake again.
I know now that a very definite plan must be in place in the beginning for profit taking and at what PPS that will be and for how many shares. In GRST, I have that very clear in my mind and am going to stick to it, refusing to be "married" to this stock.
Once that PPS is reached and I drop so many shares at a reasonable profit, the rest of my position will ride for longer term gains but still with bench stops in place for additional profit taking at very specific pps ranges.
I learned my lesson well from the other play and will never repeat that mistake again and I'm darn lucky I wound up with a substantial profit despite what happened. It would of been much higher if I had of been thinking like I am now, but 20/20 hind sight is always a rude awakening!
With GRST my plan is set, no more losing sight of the lurking dangers and unpredictable currents and undertows of the OTC, sudden falling swords coming into play.
On another note, recently I closed in on "paralleling" your share position in GRST, and now I'm on the lookout for any sudden downward trends in the pps, and IF it drops more than what I have in mind, I won't hesitate to drop the entire position to conserve cash and buy back in at a lower pps. I already have it fixed in my mind what that will be and hopefully it will won't happen.
On the contrary, I believe the earnings call soon to drop should have a positive impact on the PPS BUT I'm prepared it might not have any effect at all, or that it might even cause the pps to tank because of the playing field we're on where anything goes. Either way I'm going to tread with caution and take evasive action if necessary.
It is my hope that the pps will gradually rise post earnings call and that we will leave the 0.006 range behind and establish a new trading base North of 0.01. I believe this is where we are headed short term post earnings call. What's your take on this?
In closing, I strongly discern we will be ok in this play for the reasons we've discussed, but to continue to tread lightly with eyes wide open!
Thanks again for all,
P.S. I no longer have PM although I am able to see any PMs you send me but not able to respond via PM.
Be well and prosper...
