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Re: prls123 post# 2283

Saturday, 02/09/2008 4:32:28 PM

Saturday, February 09, 2008 4:32:28 PM

Post# of 2689
OT -

its being discussed to some extent on the DGEN board on investor village site - DGEN was on old bk that several of us were following but since there isn't much going on with that one we use that board to discuss random bk plays, and we could use some folks to bat ideas around. If you find the one true gem you can retire off one stock - I've seen two that I missed that would have done it for me - Kasper which was a liquidation play and went from a nickel to over 6 bucks in under a year - and at the end if you were lucky enough to be holding you just got 6+ bucks of cash in your brokerage account for every share you owned and Foamex which went from the .03/.04 range to also over 6 bucks in about the same period of time - but there you wound up with a warrant to buy new Foamex which you either had to pony up more cash or sell the warrant to someone who did - but from what I could tell on the outside there was plenty of volume to do that. If you had the balls to put 100k in either one of those and an even bigger, extra set of balls to ride it out - you'd be done if you wanted to be. Thats the one thing about SCRA that I like, if the stars aligned you could potentially be in for a nice long upward ride, which is sometimes different from some of these others where the most you can hope to make is 3, 4 or 5x your money - nothing wrong with that but its the thought of the 10x, 20x, and 30x that keep me plugging away at this. I keep telling myself - if you play for the 10x plus, you can be dead ass wrong and ride the losers all the way into the ground 90% of the time and still make it to the end of the road.

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