GETC...a fairy tale comes to a close...
...looking for a cheap energy play,
circa 2004 I bought GETC...it went up...I sold GETC.
2005 bought MORE GETC...it went up...I sold GETC.
2006 bought all the GETC I could get my hands on for
a buffalo (150k @ .05)
2007 started selling on the TOPS @ .15 @ 10k a crack.
Time passed and the TRIPPLE Baggers just rolled in...
MOOOOoooo went the cow.
until this afternoon...plowing through news scans I
skimming through the 10k of an old name that sounded
familiar name GETC caught my eye...yep...the very SAME
GETC.
Not only was Urban (no relation to THE CMKX urban but
you can SEE why it caught my EYE...the IRONIES here were
just TOO HUGE TO IGNORE !!!) Communictions a TV station
company tryin to sell COAL but they were doing a VERY
BAD job of it...couldn't sell any...worse yet, the folks
they were GETTING IT FROM....GETC....were NOT able to
produce enough to meet their contracted obligations
so they were REVOKING prefered shares they paid for
their end of the deal...
the PR from a TOTALL UNRELATED company, at least to the
casual eye, told me that my CASH COW...GETC...had JUST
lost a very big customer and was NOT going to get any
more ORDERS FROM THEM or get paid for the stuff still
on order...
a no brainer.
85% of the shares traded today were...MINE.
I've SEEN lots of big red candles like that before but...
I've NEVER MADE ONE !!!
To tell ya the truth...there are not NEARLY so scary when
YOU are the one making them out of DOUBLE BAGGERS !!!!!!
AAAAAAAAAAAAAAAAAAAAAAAAAAAAAAAAAAAAAAHAHAHAHHAHAHAHAHHAH
NOW...I STILL have 20k shares cause...ya just NEVER KNOW.
BUT...there's a REALLY good chance that I got out before
the effects of this news could be completely digested...
by the market as a whole...a safe bet at this point.
This (GETC) looked like and MAY still be a HUGE coiled spring
waiting to explode...piling up on the weekly 200dma like
it is...BUT...I've taken on a whole new approach to trading
and MILKING SOUR COWS is not one of the exceptions to the
rules that I'll ever make again...besides...NOTHING sux
about a DOUBLE BAGGER !
catmaniac
PS...the moral to the story is:
oh...there are LOTS of them, I reckon, the main one being...
with all the cash I have now...I can always buy them back
HIGHER when the MOOOMOOO is back and almost TOTALLY erase
any chance of losing the HUGE profits that I've already
made....no matter HOW it goes now...this story has a
HAPPY ENDING !!!!
NOW SHUT UP AND GO TO BED !!!
We have lots of work to do tomorrow shorting this market !
Vana Catman fondles his mellons...
