Thursday, July 16, 2009 1:06:38 PM
My criteria; "A bird-in-hand is worth 2 in the bush".
Because I haven't seen a paycheck in 15 months , I'm not in a position to be as brave as some of you guys , selling at .10 cents. I've got GTC Sell Orders in 3 batches ... 100K at .024 , 100K at .034 & 100K at .044. I feel pretty confident it will hit these numbers --- netting me a cool $10K , w/ 200K left over. I might put in another one in the .095 range as well. I've also attached a "minimum share" condition to these that is set for 2K to 2500 minimums ... enabling smaller buyers to get in for +/- $100.
My question is: To know what "minimum" share lots (conditions) to sell in , I need to know who I will be selling to at these numbers ... a bunch of 'little guys' or a few 'big-dogs' ? To minimize my exposure to multiple trade fees (on more than one day) , I'd prefer to unload them in at least 25K minimum lots (or more) but then again , I don't want to miss the boat waiting for big-dogs. Having been down that road before , I know to enter "minimums' to avoid having some Bozo unload 17 shares (.023) on me , leaving me holding a transaction fee thats more than the value of my shares gained.
Any advice on this would be much appreciated ..., Thankyou kindly , in advance.
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