InvestorsHub Logo
Followers 182
Posts 50645
Boards Moderated 10
Alias Born 12/20/2004

Re: Zorax post# 9

Tuesday, 11/11/2008 9:43:19 PM

Tuesday, November 11, 2008 9:43:19 PM

Post# of 54
"I'm expecting a R/S from BKMP, FFGO and hopefully NOT from CNES ..."
Nuts. One down and 2 to go. Cnes reversed me down to under 200 shares from almost a million. PPS was at .0001 forever then the new issue rose to .20 on 11-11-08. It already back down to .07 EOD. The last few years I've had trouble justifying throwing money back into a new r/s'd security, but that is a weak mental thing on my part because I know there's money to be made if you can catch the quick rise and fall of a shell penny stock. My real roadblock though is the broker account I have. Non managed, non margin - cash. Which means street shares mostly and having to wait a few days till the stock gets settled in my account so I can trade. This has almost always resulted in not having the chance to sell whats settled and only leaves me to use fresh cash If I want to buy back in. Sheesh

Join the InvestorsHub Community

Register for free to join our community of investors and share your ideas. You will also get access to streaming quotes, interactive charts, trades, portfolio, live options flow and more tools.