Deep Blue Marine (DPBE)

[jrf30]

Why now? For exactly what I said AND for what you said. Because they will be ABLE to fill the tanks finally, AND also BECAUSE the stock is worth 2% of what it was worth 2 years ago.

Buy low (And ONLY when there is a REASON) and sell higher.

NOtice I did not say sell high. Just higher. Personally, I think the stock bought a few years ago that is down 98% will not become profitable to you. I Know Wilf said he would love the stock at $3 per share, but in MY opinion that is not going to happen without a reverse making it so. But, do I think we shall move up some based on this news? yes, I do. So I'm buying. Not buying at the higher price that you are stuck with (Sorry to hear that by the way). But buying down here, because if they stop diluting and actually start BUYING some shares with the proceeds, then the buying pressure starts the OPPOSITE of what they have done over the past 18 months.

Look at it this way. If the stock has gone down becuase Wilf has been selling treasury stock and diluting the shares (And it HAS, IMHO) then the stock should go UP (some) becuase WIlf is BUYING shares with this money. True? And lots of shares can be bought in a hurry at these levels. For instance, if from THIS weekend he turns it into $75,000 in profit (SOunds like it might be reasonable, if taken as a gross profit markin and Alan's payroll comes from corporate expenses and not against this weekend's take) then that gives $25,000 to buy stock in two weeks. (Per WIlf's post of yesterday). At a price of $0.001 (Higher than now, but as an average) that is 25,000,000 shares bought. Does 25MM shares bought move the stock? "Some". And if he buys that many in 2 weeks, and again that many in 4 weeks, and again that much in 6 weeks, then that WILL move the stock price. Still an "if", but I think this weekend hotel buying might just be something. SO I am buying based on that - NOT on the diving results (so far).

Add to that the gold put into the box for the comapny as an asset and that helps our terrible balance sheet. And add the profit from the sale and that could turn us (Again quoting Wilf) into the BLACK soon. (I think his post said "very very soon" or something like that) It won't erase the shareholde decifit we are carrying forward, but any quarter where we are int he black would be a BIG boost for us.

PUt it all together, and there is a catalyst for my change in opinion. Not just a hope, ala Waterboy who has touted the stock as a great buy from much higher to 2 cents to 1 cent down to 1/10 of a cent, and is still shouting how great it is, even though it would have to go up 10,000% just to get back to where it was when he said it was such a wonderful deal (sorry waterboy, but it is true), but a change has happened that I think warrants my hopein a short term jump in value.

So I'm a buyer. Today. LOL. As of the open this morning, I was 100% out, and had been for over a month. And I took a loss on my last trade in DPBE. But I see a fundemental change based on Wilf stumbling upon something that looks like it WORKED this weekend. I"m still not 100% sure of his word, and he too hedged it with "if" a lot, but I think this past weekend they DID make PROFIT, and that profit WILL be used to buy shares AND to stop the diluting of shares in the near future. Two positives that were NOT there as of last Friday. That's the reason I was a buyer this morning. Make sense?

I'm not saying we are going to the moon. OR screaming that you (Or anyone else)need to buy. Just saying "I" see an outside catalyst that should affect the company in the near term, and it could move the price up for once, so "I" am a buyer. For ME. So I asked if anyone else sees this potential change in fundementals for the company and if they too are buying anything based on it. I'm not giving advise for anyone else to buy this stock, as it is high risk, but curious if anyone else sees what I saw and has decided on their own already to be a buyer. That's my curiosity.

Good luck to you on your other stocks and picks. I hope you recover the losses you took here. I don't see you recovering it all in this one, so hopefully some others are helping you out.