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Re: Chrisau post# 4

Monday, 04/23/2007 11:07:28 AM

Monday, April 23, 2007 11:07:28 AM

Post# of 17
Wasn't their "big product" a long-lasting dog chew toy?

I hit REAL big on that one and it was pure dumb luck because of some email touting takeover or some such nonsense. Seemed it traded in the 4-6 cent range forever. Before I knew there was a term for it (tape-painting), I bought 5k of it right before the close every day at market if the last trade wasn't at the ask. Did that for months, so I ended up with way too large a position in it then happened to be at the computer the day of the spike and sold the whole position into it for more than a double, despite having written it off and quit buying long before then.

In retrospect, I can't imagine why I ever thought it could be a viable company or at least large enough to justify any kind of real valuation.

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