Friday, January 25, 2008 5:39:20 PM
While I have been up to no good
as is my practice and goal in life, I have not sold any CHDO in recent weeks. My "Plan B" is working nicely and the stock is behaving just as predicted, drifting down 15 - 20% from closings around 0.03 at the beginning of 2008.
There has been some discussion that no insiders have sold stock (excluding small sales by Bart) thus implying confidence in the future of the company. Perhaps there is another reason? Can anyone imagine the devastating effect if one of the big holders started dumping just 500K to a million shares a day for a couple of weeks? They're stuck .....they can't dump even if they want to because to do so would drop the pps through any possible support levels and drive it sub-penny within days if not hours. Not a good way to recoup your investment.
Patience is definitely the buzzword of the month!
GLTY
as is my practice and goal in life, I have not sold any CHDO in recent weeks. My "Plan B" is working nicely and the stock is behaving just as predicted, drifting down 15 - 20% from closings around 0.03 at the beginning of 2008.
There has been some discussion that no insiders have sold stock (excluding small sales by Bart) thus implying confidence in the future of the company. Perhaps there is another reason? Can anyone imagine the devastating effect if one of the big holders started dumping just 500K to a million shares a day for a couple of weeks? They're stuck .....they can't dump even if they want to because to do so would drop the pps through any possible support levels and drive it sub-penny within days if not hours. Not a good way to recoup your investment.
Patience is definitely the buzzword of the month!
GLTY
All truth passes through three stages. First, it is ridiculed. Second, it is violently opposed. Third, it is accepted as being self-evident. - Arthur Schopenhauer (1788-1860)
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