InvestorsHub Logo
Followers 0
Posts 24
Boards Moderated 0
Alias Born 07/17/2009

Re: None

Friday, 07/17/2009 1:33:28 PM

Friday, July 17, 2009 1:33:28 PM

Post# of 951
Here's some input for those of you asking: The outstanding share number and pool of investors wanting to buy into Geely Automotive Holdings is fairly small. I sold yesterday at .24, but had some difficulty finding a buyer (it took a lot longer than usual). If you try to sell this stock at a peak, with consideration how small it is, you may end up holding. Basic principle of selling stocks: there has to be a buyer.
I sold now, and would recommend you do the same for 2 reasons: 1) there are speculators willing to buy now, but maybe not later. 2) GELYF fluctuates, and I plan on reinvesting once it reaches about .17 again.
Another point I'd like to share is that Volvo denied anything to do with this whole ordeal, which convinced me to sell now before the hypes gone. (Don't have a link, but it may have been on msn or google finance)