hello again...i think i've posted once here before.
for the first time in about 2 years i have no ibcs. i managed to sell the last bit at .016 today. what tics me off though is that i had figured this was coming last june when they announced that they were going to remove debt from the books. i ran off a couple of emails then explaining my thoughts.
but...i was having so much fun churning this that i got wrapped up in it. there were days when the spread was huge that i could buy near the bid and sell near the ask same day or next day without the bid and ask even moving. so i made bucks even when it wasn't moving.
but now the game is changed and i'll be playing that new game. the s-8 game. the price has already fallen to level out future dilution. now it has to slog thru the selling. but something seemed to catch my eye on the s-8. did i see some discouragement to selling within 6 months? if so, there may be some happy churning here.
right now, it looks like .011 may be a good place to start, but profits must be taken early.
looking for that spurt when the selling pressure disappears.
all things multiply to the point of starvation.
(--Budge--)
