If you're still in this one, seek the exit door. Some are down about 75% now on where they bought in on that little run. 25% sucks to be all you can salvage, but if that's all you can get, that's all you can get. A clarification PR will tank this one BADLY. That's not what you want to see. HOWEVER, if they PR something about the new company, there may be some folks that buy in not knowing that their shares will get whacked, as some did here. If there's no PR about future business, the trading will get thinner, and those in it that can salvage "something" of what they have in it will exit, IMO.
For those that can't exit without the exit costing more than the remaining value of your stock plus the cost of trading it, you have nothing to lose by hanging in there and waiting for some stupid bounce. Pick a reasonable loss, and get your sell in. Maybe it'll get hit and you'll be first in line when it hits your sell point. If you're totally upside down, you just gotta watch this thing trade and HOPE for some pump to bounce it, or something weird to happen as a result of some little company PR, that doesn't confirm that the shares are whacked point blank.
EXIT if you can with "some" jingle in your pocket. It's better than a total loss. At least you can buy a 6 pack of beer and have a wake for a trade that died.
LEARN FROM YOUR MISTAKE! It won't be the last one trading in pinkyland, or PennyLand! YOU WILL LEARN MORE LESSONS IN TRADING, as WE ALL DO!
DON'T BEAT YOURSELF UP! You made a mistake, and you DEFINITELY weren't the first one to make such a mistake, and you DEFINITELY will not be the last.
SURVIVE THIS TRADE! Be TIGHT with what you put in on future trades, if this one got you, and recoup your losses METHODICALLY!
ACCEPT the fact that you may just not be a reverse merger player!
BANKRUPTCY ALMOST ALWAYS SCREWS ALL THE SHAREHOLDERS! 99.999% OF THE TIME, YOU WILL GET SCREWED IN A STOCK THAT IS IN BANKRUPTCY! Shareholders are unsecured creditors, and unsecured creditors get SCREWED! If you can't read, and understand, BK stocks, you CERTAINLY do NOT want to trade them as an investment, but rather a VERY QUICK in an out, and at the end of the day you are ALWAYS OUT, and then you flip it again the next day. If it's getting PUMPED, play it, if you dare!
What I TRULY hope is that folks quit following posters that say that something like this is going to go crazy, after it already went crazy and the TRADERS made their money. There is NO LOL in that. There is simply uneducated, prolific, posters that suck in uneducated, INVESTORS (as if there is such a thing on a BK stock).
Jim Bishop and Dewar, and others tried to put you on the path to find the TRUTH. NOBODY has to listen to anyone else on a stock play, but REMEMBER to KEEP AN OPEN MIND! IF you close your mind to the possibilities of a play going bad, then YOU MAY SCREW YOURSELF.
Learn the lesson, and move on. It's not the end of the world, and just because you made a bad play doesn't mean that you can't come back tomorrow, and the next day, and make some good ones. Put in what you can afford to lose on the roll of the dice, and lose or win. In a weird play, listen to the old timers. We "might" have some insight worth listening to.
Really not that many posts here. If you're new to trading, read them all and put it ALL into your LEARNING CURVE. Probably not the first time some of you lost on a stock play, and probably won't be the last. Did you learn something from this stock play? If not...you should NOT be trading stocks. If you DID learn, take that knowledge forward and build on it.
The ONLY STUPID traders are those that do not learn from their mistakes. Well, that's probably not totally true because some people are just STUPID, and will NEVER LEARN. LOL DON'T be one of those people. EXIT as best you can, and move on and put this behind you.
Once the new symbol change is done, this "might" be good for a FLIP. I wouldn't camp on this stock post merger/post symbol change, but it "might" play. Should be some NEW PR's come out, and we see.
I DO wish you ALL luck in your EXIT. Take it where you will. ALWAYS survive to be able to trade another day.
JJ
AI
