Hello Stuart Stardust,
MOVT is holding the .0002 bid quite well right now. Don't know how long it will last. Thank you for the advice. Believe me, I am no stranger to the pinkie otc game. FYI I am not long(definition of long meaning more than a month) in any position I own in the otc markets. Actually, I am long or willing to go long in very few big board stocks right now. I go by the mantra that if you can sell for a decent profit it is often wise to do so. Also I rarely buy one of the pumped stocks above the low. I am in this one at .0002 so I can sell at any time, so far, and only be out two commissions. I held vrgd a couple of months ago but after I had held for a month and after no promised pr's arrived, I sold. The difference, imo, between this one and that one is this. They are telling a good story that is persuading newbies and retail investors to dump money into it for a long-term investment. Whether it will pay off remains to be seen. This one, on the other hand, so far does not have a story but it has a few things vrgd does not. OTCBB and a 96 mil O/S. So the value at this point is mostly the shell from what I have seen. I too don't care about any of the companies I own but I do care about the story, the os, if or how much dilution is ocurring, and the amount of hype surrounding it. In the otc market you need a fair amount of new money flowing in or else the pps will no doubt drop. As far as this one goes, I care very little what happens to it. Pps spike would be great but if not, hey, I don't have much invested here and it doesn't the ability to fall much. I just hope that the ones that got in at .0005 and .0004 on the major hype, get their money back plus more. I don't post on the boards of most of the stocks that I own and the only reason I am posting here is because I am a little ticked off that the hype team sucked people in and then stopped talking about it within hours. What ticks me off even more is the fact that I knew it would probably happen but I still held off selling even when I was up 100%-150% because of the aforementioned factors. Hey, you have been around a while and if I am completely loony on my opinions, let me know, I am always willing to learn more about trading otc or even big board stocks. Most everything I have learned has been by trial and error and to be honest with you, I don't make too many errors anymore. Good luck with vrgd. That was one that I saw the potential to run, waited and waited and finally decided things must have soured. I was wrong on that one. Didn't really lose cause I traded a few times but didn't really make either. If you have any advice on how to trade more profitable let me know, I am always up for new profitable strategies. GL!!!!!! Thank you, Reality
I post for amusement only. In no way should this be construed as investment advice. I have been wrong many times and could very easily be way off the ball now. Do not buy or sell based on it.
